20,895 Shares in Repay Holdings Co. (NASDAQ:RPAY) Acquired by Verition Fund Management LLC

Verition Fund Management LLC bought a new position in shares of Repay Holdings Co. (NASDAQ:RPAY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,895 shares of the company’s stock, valued at approximately $171,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RPAY. Blue Trust Inc. increased its holdings in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,771 shares during the period. nVerses Capital LLC bought a new position in shares of Repay in the 3rd quarter worth $59,000. Entropy Technologies LP bought a new position in shares of Repay in the 3rd quarter worth $109,000. Creative Planning bought a new position in shares of Repay during the 3rd quarter valued at $115,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Repay during the 3rd quarter valued at $126,000. Institutional investors own 82.73% of the company’s stock.

Insider Buying and Selling at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Repay Price Performance

RPAY stock opened at $8.23 on Tuesday. The firm has a market cap of $803.49 million, a P/E ratio of -9.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The firm’s fifty day moving average is $8.05 and its 200 day moving average is $8.76. Repay Holdings Co. has a 52 week low of $7.04 and a 52 week high of $11.27.

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Repay in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.83.

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.