Algert Global LLC Increases Stake in Repay Holdings Co. (NASDAQ:RPAY)

Algert Global LLC boosted its stake in Repay Holdings Co. (NASDAQ:RPAY) by 121.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,487 shares of the company’s stock after purchasing an additional 23,841 shares during the period. Algert Global LLC’s holdings in Repay were worth $459,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in shares of Repay during the second quarter valued at approximately $142,000. ProShare Advisors LLC increased its stake in shares of Repay by 8.5% during 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 increased its stake in shares of Repay by 15.5% during 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 increased its stake in shares of Repay by 6.6% during 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 increased its stake in shares of Repay by 18.1% during 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RPAY shares. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price target on shares of Repay in a research report on Wednesday, July 3rd. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Repay in a research report on Tuesday, July 9th. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Wednesday, September 25th. Finally, Barclays dropped 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.75.

Repay Trading Down 0.1 %

Repay stock opened at $7.85 on Tuesday. 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 business’s fifty day simple moving average is $8.40 and its two-hundred day simple moving average is $9.54. Repay Holdings Co. has a 12 month low of $5.63 and a 12 month high of $11.27. The company has a market capitalization of $797.80 million, a price-to-earnings ratio of -7.97 and a beta of 1.44.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $74.91 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, equities analysts predict that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

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

Repay 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.