Repay Holdings Co. (NASDAQ:RPAY) Holdings Lifted by Private Management Group Inc.

Private Management Group Inc. boosted its position in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 71.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,740,150 shares of the company's stock after acquiring an additional 726,058 shares during the quarter. Private Management Group Inc. owned 1.78% of Repay worth $13,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RPAY. Blue Trust Inc. raised its holdings in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after purchasing an additional 2,077 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Repay by 13.6% in the second quarter. The Manufacturers Life Insurance Company now owns 34,578 shares of the company's stock valued at $365,000 after buying an additional 4,138 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Repay by 30.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company's stock valued at $153,000 after buying an additional 4,659 shares in the last quarter. R Squared Ltd purchased a new stake in Repay during the fourth quarter worth approximately $36,000. Finally, nVerses Capital LLC acquired a new stake in shares of Repay in the third quarter worth $59,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RPAY. Canaccord Genuity Group restated a "buy" rating and set a $13.00 target price on shares of Repay in a report on Wednesday, November 13th. Keefe, Bruyette & Woods reduced their price objective on Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Repay currently has an average rating of "Moderate Buy" and an average target price of $12.33.

Insiders Place Their Bets

In other news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now owns 450,879 shares of the company's stock, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is owned by company insiders.

Repay Stock Down 0.1 %

RPAY traded down $0.01 during trading hours on Friday, reaching $7.62. 287,147 shares of the stock traded hands, compared to its average volume of 403,343. Repay Holdings Co. has a fifty-two week low of $7.15 and a fifty-two week high of $11.27. The company has a market cap of $743.94 million, a price-to-earnings ratio of -8.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm's fifty day simple moving average is $7.69 and its two-hundred day simple moving average is $8.08.

Repay (NASDAQ:RPAY - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. During the same period last year, the firm earned $0.16 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay 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.