SG Americas Securities LLC Takes Position in Repay Holdings Co. (NASDAQ:RPAY)

SG Americas Securities LLC purchased a new position in shares of Repay Holdings Co. (NASDAQ:RPAY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,284 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in Repay during the 2nd quarter worth approximately $142,000. ProShare Advisors LLC boosted its stake in shares of Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after buying an additional 1,174 shares in the last quarter. Diversified Trust Co grew its holdings in Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after acquiring an additional 2,391 shares during the period. Sanctuary Advisors LLC purchased a new position in Repay in the second quarter worth $190,000. Finally, Bleakley Financial Group LLC lifted its holdings in Repay by 6.6% in the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after acquiring an additional 1,232 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the company’s stock in a transaction dated 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 directly owns 240,130 shares in the company, valued at approximately $1,995,480.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RPAY. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, September 25th. Barclays lowered their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price target on shares of Repay in a research report on Wednesday, July 3rd. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Tuesday, August 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Repay in a report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Repay presently has an average rating of “Moderate Buy” and a consensus price target of $12.29.

Repay Trading Down 3.6 %

Shares of RPAY opened at $7.58 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.83 and a quick ratio of 3.83. Repay Holdings Co. has a 1-year low of $5.63 and a 1-year high of $11.27. The stock has a market cap of $770.36 million, a price-to-earnings ratio of -7.73 and a beta of 1.44. The firm has a 50 day simple moving average of $8.14 and a 200-day simple moving average of $9.32.

Repay (NASDAQ:RPAY) last announced its earnings results on Thursday, August 8th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $76.28 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Repay’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that Repay Holdings Co. will post 0.73 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.