Monimus Capital Management LP Invests $2.16 Million in Repay Holdings Co. (NASDAQ:RPAY)

Monimus Capital Management LP purchased a new position in shares of Repay Holdings Co. (NASDAQ:RPAY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 282,675 shares of the company’s stock, valued at approximately $2,157,000. Repay makes up 2.0% of Monimus Capital Management LP’s portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Repay during the 4th quarter worth approximately $36,000. Blue Trust Inc. boosted its stake in Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after acquiring an additional 2,077 shares during the last quarter. Olympiad Research LP bought a new position in Repay during the 4th quarter worth approximately $80,000. Point72 DIFC Ltd bought a new position in Repay during the 3rd quarter worth approximately $99,000. Finally, Entropy Technologies LP bought a new position in Repay during the 3rd quarter worth approximately $109,000. Institutional investors own 82.73% of the company’s stock.

Repay Price Performance

NASDAQ RPAY opened at $5.67 on Friday. 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 12-month low of $5.30 and a 12-month high of $11.27. The company has a market capitalization of $552.76 million, a PE ratio of -6.52 and a beta of 1.54. The firm’s 50 day moving average is $7.13 and its 200-day moving average is $7.73.

Analyst Upgrades and Downgrades

RPAY has been the topic of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Canaccord Genuity Group cut their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. BMO Capital Markets cut their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. UBS Group cut their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Barclays cut their price target on shares of Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Repay currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.31.

Repay 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.