Sanctuary Advisors LLC Invests $190,000 in Repay Holdings Co. (NASDAQ:RPAY)

Sanctuary Advisors LLC purchased a new position in Repay Holdings Co. (NASDAQ:RPAY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,638 shares of the company’s stock, valued at approximately $190,000.

Other hedge funds have also recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in shares of Repay in the 2nd quarter worth approximately $142,000. ProShare Advisors LLC lifted its position in shares of Repay by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares during the period. Diversified Trust Co lifted its position in shares of Repay by 15.5% in the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after purchasing an additional 2,391 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Repay by 6.6% in the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after purchasing 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% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock worth $264,000 after acquiring an additional 3,661 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Insider Transactions at Repay

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the sale, the executive vice president now owns 240,130 shares in the company, valued at $1,995,480.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 269,524 shares of company stock worth $2,222,784 over the last 90 days. 11.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. 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. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Wednesday, September 25th. 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. 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, Barclays reduced their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Repay currently has an average rating of “Moderate Buy” and a consensus target price of $12.29.

Repay Trading Up 1.0 %

Shares of Repay stock opened at $7.86 on Monday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. Repay Holdings Co. has a 12-month low of $5.63 and a 12-month high of $11.27. The firm has a market capitalization of $798.81 million, a price-to-earnings ratio of -8.02 and a beta of 1.44. The firm’s 50 day simple moving average is $8.15 and its two-hundred day simple moving average is $9.34.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $74.91 million for the quarter, compared to analyst estimates of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. Analysts predict that Repay Holdings Co. will post 0.73 EPS for the current year.

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.