Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,297 shares of the company’s stock after purchasing an additional 11,172 shares during the quarter. Rhumbline Advisers owned about 0.15% of Repay worth $1,587,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Repay during the 4th quarter worth about $56,000. ProShare Advisors LLC raised its holdings in Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares in the last quarter. Diversified Trust Co lifted its position in Repay by 15.5% in the second 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. Simplicity Wealth LLC acquired a new position in shares of Repay during the 1st quarter valued at $220,000. Finally, Bleakley Financial Group LLC lifted its holdings 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. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Repay Price Performance

Shares of NASDAQ:RPAY opened at $8.66 on Friday. The company’s fifty day moving average is $8.75 and its two-hundred day moving average is $9.71. The company has a market cap of $846.52 million, a P/E ratio of -8.84 and a beta of 1.44. Repay Holdings Co. has a 12-month low of $5.63 and a 12-month high of $11.27. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52.

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

Insider Transactions at Repay

In related news, EVP Jacob Hamilton Moore sold 7,198 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $8.18, for a total transaction of $58,879.64. Following the transaction, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at $1,146,263.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 269,524 shares of company stock valued at $2,222,784 over the last three months. 11.00% of the stock is owned by corporate insiders.

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.