Quest Partners LLC Acquires Shares of 29,820 Repay Holdings Co. (NASDAQ:RPAY)

Quest Partners LLC bought a new position in Repay Holdings Co. (NASDAQ:RPAY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,820 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC boosted its holdings in Repay by 182.1% in the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock worth $24,601,000 after purchasing an additional 1,503,919 shares during the period. River Road Asset Management LLC grew its position in shares of Repay by 89.9% during the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after buying an additional 895,429 shares during the last quarter. Janus Henderson Group PLC raised its stake in Repay by 8.8% during the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after acquiring an additional 233,334 shares during the period. American Century Companies Inc. lifted its holdings in Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after acquiring an additional 158,668 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Repay in the third quarter valued at approximately $1,122,000. 82.73% of the stock is currently owned by institutional investors.

Repay Price Performance

Shares of NASDAQ RPAY opened at $8.08 on Wednesday. The firm’s 50-day simple moving average is $8.07 and its 200 day simple moving average is $8.95. The stock has a market cap of $788.85 million, a P/E ratio of -9.29 and a beta of 1.44. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a fifty-two week low of $7.04 and a fifty-two week high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. During the same period last year, the firm posted $0.16 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Repay Holdings Co. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RPAY. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Tuesday, August 13th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. Finally, Barclays dropped their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Repay currently has an average rating of “Moderate Buy” and an average price target of $12.29.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of Repay stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the transaction, the executive vice president now owns 240,130 shares in the company, valued at approximately $1,995,480.30. The trade was a 46.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 269,524 shares of company stock valued at $2,222,784 over the last three months. Company insiders own 11.00% of the company’s stock.

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.