Olympiad Research LP Purchases Shares of 10,510 Repay Holdings Co. (NASDAQ:RPAY)

Olympiad Research LP purchased a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 10,510 shares of the company’s stock, valued at approximately $80,000.

Several other institutional investors have also recently made changes to their positions in RPAY. Creative Planning bought a new position in shares of Repay in the third quarter worth approximately $115,000. Blue Trust Inc. grew its stake in Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after buying an additional 2,771 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Repay in the 3rd quarter worth approximately $126,000. River Road Asset Management LLC increased its holdings in shares of Repay by 89.9% in the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after buying an additional 895,429 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Repay during the 3rd quarter worth $1,122,000. Institutional investors own 82.73% of the company’s stock.

Analyst Ratings Changes

RPAY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Repay Stock Performance

NASDAQ RPAY opened at $7.28 on Tuesday. The company has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $7.91. Repay Holdings Co. has a 12-month low of $7.08 and a 12-month high of $11.27. The firm has a market cap of $710.77 million, a price-to-earnings ratio of -8.37 and a beta of 1.43. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is currently owned by company 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.