Jane Street Group LLC Has $409,000 Position in Repay Holdings Co. (NASDAQ:RPAY)

Jane Street Group LLC trimmed its position in Repay Holdings Co. (NASDAQ:RPAY) by 40.0% during the third quarter, HoldingsChannel.com reports. The fund owned 50,166 shares of the company’s stock after selling 33,466 shares during the period. Jane Street Group LLC’s holdings in Repay were worth $409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RPAY. Blue Trust Inc. lifted its holdings in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after purchasing an additional 2,771 shares in the last quarter. nVerses Capital LLC bought a new position in Repay in the third quarter valued at approximately $59,000. Point72 DIFC Ltd acquired a new position in shares of Repay in the third quarter valued at approximately $99,000. Entropy Technologies LP acquired a new position in shares of Repay in the third quarter valued at approximately $109,000. Finally, Creative Planning bought a new stake in shares of Repay during the third quarter worth $115,000. Institutional investors own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RPAY has been the topic of several research reports. Keefe, Bruyette & Woods cut 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. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Repay in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and an average price target of $12.33.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the sale, the chief financial officer now owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.00% of the company’s stock.

Repay Price Performance

RPAY stock opened at $7.54 on Wednesday. Repay Holdings Co. has a 1 year low of $7.04 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market cap of $736.15 million, a price-to-earnings ratio of -8.67 and a beta of 1.42. The company has a 50 day simple moving average of $8.04 and a 200 day simple moving average of $8.46.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the previous year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current fiscal 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.