nVerses Capital LLC Takes $59,000 Position in Repay Holdings Co. (NASDAQ:RPAY)

nVerses Capital LLC acquired a new position in Repay Holdings Co. (NASDAQ:RPAY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,200 shares of the company’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 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 worth $164,000 after purchasing an additional 1,174 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after acquiring an additional 1,232 shares during the last quarter. CWM LLC grew its stake in shares of Repay by 2.8% in the second quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after acquiring an additional 1,462 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Repay by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after purchasing an additional 2,057 shares during the last quarter. Finally, Diversified Trust Co lifted its position in 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 purchasing an additional 2,391 shares during the period. 82.73% of the stock is owned by institutional investors.

Repay Trading Down 3.6 %

Repay stock opened at $7.58 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. 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 $770.36 million, a price-to-earnings ratio of -7.73 and a beta of 1.44. The firm has a 50 day moving average of $8.14 and a 200 day moving average of $9.32.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate 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 negative net margin of 29.01% and a positive return on equity of 8.34%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. As a group, research analysts predict that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Repay

In related news, EVP Jacob Hamilton Moore sold 7,198 shares of Repay stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $8.18, for a total transaction of $58,879.64. Following the sale, the executive vice president now owns 140,130 shares of the company’s stock, valued at approximately $1,146,263.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 269,524 shares of company stock valued at $2,222,784 over the last 90 days. Company insiders own 11.00% of the company’s stock.

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.