SG Americas Securities LLC Makes New $239,000 Investment in Repay Holdings Co. (NASDAQ:RPAY)

SG Americas Securities LLC acquired a new stake in Repay Holdings Co. (NASDAQ:RPAY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,284 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in Repay by 182.1% during the 2nd quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock worth $24,601,000 after buying an additional 1,503,919 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Repay by 8.8% during the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after acquiring an additional 233,334 shares during the period. American Century Companies Inc. raised its stake in shares of Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock valued at $26,745,000 after acquiring an additional 158,668 shares in the last quarter. Marshall Wace LLP purchased a new position in Repay in the second quarter valued at $1,365,000. Finally, Bank of New York Mellon Corp grew its stake in Repay by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,451,665 shares of the company’s stock worth $15,330,000 after purchasing an additional 75,091 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Activity

In related news, EVP Jacob Hamilton Moore sold 51,694 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $8.00, for a total transaction of $413,552.00. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at $1,121,040. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 269,524 shares of company stock valued at $2,222,784. Insiders own 11.00% of the company’s stock.

Repay Stock Down 3.6 %

RPAY stock opened at $7.58 on Tuesday. The company’s 50 day moving average is $8.14 and its two-hundred day moving average is $9.32. Repay Holdings Co. has a twelve month low of $5.63 and a twelve month high of $11.27. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. The stock has a market cap of $770.36 million, a P/E ratio of -7.73 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

RPAY has been the topic of a number of analyst reports. Barclays reduced their price target on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Repay in a report on Tuesday, July 9th. Benchmark reiterated a “buy” rating and set a $13.00 price target on shares of Repay in a report on Tuesday, August 13th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $11.00 price objective on shares of Repay in a report on Wednesday, July 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

Repay Company 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.