Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by North Reef Capital Management LP

North Reef Capital Management LP cut its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 29.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 280,684 shares of the company's stock after selling 119,301 shares during the period. North Reef Capital Management LP owned about 0.29% of Repay worth $2,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Barclays PLC boosted its stake in Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company's stock valued at $12,134,000 after acquiring an additional 1,427,078 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Repay by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company's stock worth $16,298,000 after purchasing an additional 32,613 shares during the last quarter. Franklin Resources Inc. grew its stake in Repay by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,539,844 shares of the company's stock worth $12,273,000 after purchasing an additional 42,876 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Repay during the third quarter valued at approximately $1,122,000. Finally, JPMorgan Chase & Co. grew its position in shares of Repay by 29.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company's stock worth $4,016,000 after acquiring an additional 112,125 shares in the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group dropped their price target on Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. DA Davidson reaffirmed a "buy" rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Stephens reiterated an "overweight" rating and set a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. BMO Capital Markets decreased their target price 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. Finally, Keefe, Bruyette & Woods cut their price target on Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have given 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 $9.94.

Repay Stock Performance

RPAY stock traded up $0.26 during trading on Tuesday, reaching $4.10. 3,385,183 shares of the company's stock were exchanged, compared to its average volume of 912,407. The firm has a market cap of $399.70 million, a PE ratio of -4.71 and a beta of 1.64. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 1-year low of $3.78 and a 1-year high of $11.27. The company's fifty day moving average price is $5.57 and its 200-day moving average price is $7.02.

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.