River Road Asset Management LLC Boosts Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

River Road Asset Management LLC boosted its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 89.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,891,109 shares of the company's stock after purchasing an additional 895,429 shares during the quarter. River Road Asset Management LLC owned about 1.93% of Repay worth $15,431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RPAY. Blue Trust Inc. raised its stake in Repay by 340.0% during 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 period. nVerses Capital LLC bought a new stake in Repay during the 3rd quarter valued at approximately $59,000. Creative Planning purchased a new position in Repay during the 3rd quarter valued at approximately $115,000. Hennion & Walsh Asset Management Inc. purchased a new position in Repay during the 3rd quarter valued at approximately $126,000. Finally, Squarepoint Ops LLC purchased a new position in Repay during the 2nd quarter valued at approximately $142,000. Institutional investors own 82.73% of the company's stock.

Insider Transactions at Repay

In other news, EVP Jacob Hamilton Moore sold 51,694 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $8.00, for a total value of $413,552.00. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares of the company's stock, valued at approximately $1,121,040. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 269,524 shares of company stock valued at $2,222,784. Corporate insiders own 11.00% of the company's stock.

Repay Stock Up 1.2 %

NASDAQ RPAY traded up $0.10 on Tuesday, reaching $8.16. 453,997 shares of the stock traded hands, compared to its average volume of 840,002. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. The company has a fifty day moving average price of $8.03 and a 200-day moving average price of $9.17. The company has a market cap of $797.64 million, a price-to-earnings ratio of -8.41 and a beta of 1.44. Repay Holdings Co. has a 12 month low of $6.01 and a 12 month high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $74.91 million during the quarter, compared to analyst estimates of $76.28 million. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. Repay's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. As a group, research analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RPAY. Benchmark restated a "buy" rating and set a $13.00 price target on shares of Repay in a report on Tuesday, August 13th. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Repay in a report on Wednesday, September 25th. DA Davidson reiterated a "buy" rating and issued a $16.00 target price on shares of Repay in a report on Tuesday, July 9th. Finally, Barclays dropped their target price on Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.29.

Repay Company Profile

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.