King Luther Capital Management Corp Boosts Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

King Luther Capital Management Corp boosted its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 340,944 shares of the company’s stock after purchasing an additional 18,944 shares during the period. King Luther Capital Management Corp owned about 0.34% of Repay worth $3,600,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Repay in the fourth quarter valued at $56,000. ProShare Advisors LLC raised its stake in shares of Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after buying an additional 1,174 shares during the period. Diversified Trust Co raised its stake in shares of Repay by 15.5% in the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after buying an additional 2,391 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Repay by 6.6% in the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after buying an additional 1,232 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Repay by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock valued at $264,000 after buying an additional 3,661 shares during the period. 82.73% of the stock is currently owned by institutional investors.

Insider Transactions at Repay

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,146,263.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is currently owned by corporate insiders.

Repay Price Performance

Shares of NASDAQ RPAY opened at $8.66 on Friday. The firm has a market capitalization of $846.52 million, a P/E ratio of -8.84 and a beta of 1.44. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $8.75 and its two-hundred day simple moving average is $9.72. Repay Holdings Co. has a twelve month low of $5.63 and a twelve month high of $11.27.

Repay (NASDAQ:RPAY) last announced its 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 business had revenue of $74.91 million for 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%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. As a group, equities analysts anticipate that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on RPAY shares. DA Davidson reiterated a “buy” rating and set a $16.00 price objective on shares of Repay in a research note on Tuesday, July 9th. Barclays decreased their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.33.

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.