Royce & Associates LP Sells 3,044,098 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Royce & Associates LP lessened its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 73.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,128,526 shares of the company’s stock after selling 3,044,098 shares during the period. Royce & Associates LP’s holdings in Repay were worth $9,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC raised its stake in shares of Repay by 8.5% during 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 in the last quarter. Bleakley Financial Group LLC grew 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 worth $220,000 after purchasing an additional 1,232 shares in the last quarter. CWM LLC grew its holdings in shares of Repay by 2.8% during the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after purchasing an additional 1,462 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Repay by 15.5% during 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 in the last quarter. Finally, Blue Trust Inc. boosted its stake in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after buying an additional 2,771 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Buying and Selling at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 240,130 shares of the company’s stock, valued at $1,995,480.30. This trade represents a 46.73 % 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. In the last three months, insiders have sold 269,524 shares of company stock worth $2,222,784. Insiders own 11.00% of the company’s stock.

Repay Price Performance

Repay stock opened at $7.85 on Monday. The business has a 50-day simple moving average of $8.06 and a 200 day simple moving average of $9.08. Repay Holdings Co. has a 52 week low of $7.03 and a 52 week high of $11.27. The company has a quick ratio of 3.83, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market cap of $767.34 million, a price-to-earnings ratio of -9.02 and a beta of 1.44.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same quarter in the prior year, the company posted $0.16 EPS. Repay’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Repay Holdings Co. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RPAY shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Repay in a research note on Wednesday, November 13th. Barclays lowered their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Finally, Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. 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.com, Repay presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

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.