Rhumbline Advisers Acquires 11,172 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Rhumbline Advisers grew its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 8.0% during the second quarter, according to its most recent filing with the Securities and 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’ holdings in Repay were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC bought a new position in Repay during the fourth quarter valued at about $56,000. ProShare Advisors LLC increased its holdings in shares of Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after acquiring an additional 1,174 shares during the last quarter. Diversified Trust Co raised its stake in shares of Repay by 15.5% in the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after acquiring an additional 2,391 shares in the last quarter. Simplicity Wealth LLC bought a new position in shares of Repay in the 1st quarter valued at approximately $220,000. Finally, Bleakley Financial Group LLC lifted its holdings in Repay by 6.6% in 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 during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RPAY. DA Davidson restated a “buy” rating and issued a $16.00 price objective on shares of Repay in a research note on Tuesday, July 9th. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. Barclays decreased their price target on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and an average target price of $11.33.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 51,694 shares of Repay stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $8.00, for a total transaction of $413,552.00. Following the sale, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at $1,121,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 269,524 shares of company stock valued at $2,222,784 over the last quarter. Corporate insiders own 11.00% of the company’s stock.

Repay Trading Up 0.6 %

Repay stock opened at $8.66 on Friday. The business has a 50 day moving average price of $8.75 and a two-hundred day moving average price of $9.71. 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 Holdings Co. has a 12 month low of $5.63 and a 12 month high of $11.27. The stock has a market cap of $846.52 million, a price-to-earnings ratio of -8.84 and a beta of 1.44.

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

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.