Private Management Group Inc. Cuts Position in Repay Holdings Co. (NASDAQ:RPAY)

Private Management Group Inc. reduced its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,014,092 shares of the company's stock after selling 87,318 shares during the period. Private Management Group Inc. owned about 1.04% of Repay worth $8,275,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. purchased a new stake in Repay during the 3rd quarter worth approximately $126,000. Blue Trust Inc. increased its position in shares of Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company's stock valued at $29,000 after purchasing an additional 2,771 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Repay in the 3rd quarter valued at approximately $59,000. Creative Planning purchased a new stake in shares of Repay in the 3rd quarter valued at approximately $115,000. Finally, Kings Path Partners LLC increased its position in shares of Repay by 26.0% in the 3rd quarter. Kings Path Partners LLC now owns 78,716 shares of the company's stock valued at $642,000 after purchasing an additional 16,220 shares during the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays dropped their price objective on shares of Repay from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, August 12th. Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price objective on shares of Repay in a research report on Wednesday, September 25th. DA Davidson reissued a "buy" rating and issued a $16.00 price objective on shares of Repay in a research report on Tuesday, July 9th. Finally, Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of Repay in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Repay currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.29.

Repay Stock Down 1.3 %

Shares of Repay stock traded down $0.11 during trading hours on Friday, hitting $7.85. The company had a trading volume of 469,714 shares, compared to its average volume of 489,074. The company's 50-day moving average is $8.05 and its two-hundred day moving average is $9.19. Repay Holdings Co. has a twelve month low of $6.01 and a twelve month high of $11.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.83 and a quick ratio of 3.83. The company has a market cap of $767.32 million, a P/E ratio of -8.09 and a beta of 1.44.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $74.91 million during the quarter, compared to analysts' expectations of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. Repay's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. Analysts anticipate that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 7,198 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $8.18, for a total transaction of $58,879.64. Following the completion of the sale, the executive vice president now owns 140,130 shares in the company, valued at $1,146,263.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 269,524 shares of company stock worth $2,222,784 in the last 90 days. Company insiders own 11.00% of the company's stock.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.