Royce & Associates LP Has $13.83 Million Stake in Repay Holdings Co. (NASDAQ:RPAY)

Royce & Associates LP lifted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 60.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,812,074 shares of the company's stock after purchasing an additional 683,548 shares during the period. Royce & Associates LP owned approximately 1.86% of Repay worth $13,826,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Repay in the 4th quarter worth approximately $36,000. Blue Trust Inc. lifted its holdings in shares of Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after purchasing an additional 2,077 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of Repay in the fourth quarter worth $80,000. Point72 DIFC Ltd acquired a new stake in shares of Repay in the third quarter worth $99,000. Finally, Entropy Technologies LP purchased a new position in shares of Repay during the third quarter valued at $109,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Stock Down 0.7 %

NASDAQ RPAY traded down $0.04 during trading on Friday, reaching $5.74. The company's stock had a trading volume of 758,868 shares, compared to its average volume of 751,238. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $559.58 million, a PE ratio of -6.60 and a beta of 1.54. Repay Holdings Co. has a 1-year low of $5.30 and a 1-year high of $11.27. The business has a 50-day moving average price of $6.99 and a 200-day moving average price of $7.66.

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Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RPAY. BMO Capital Markets reduced their price objective on Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday, March 4th. UBS Group reduced their price target on shares of Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Barclays lowered their price objective on shares of Repay from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Stephens reiterated an "overweight" rating and issued a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Finally, DA Davidson reissued a "buy" rating and set a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Repay presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.31.

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.