G2 Investment Partners Management LLC Purchases New Position in Repay Holdings Co. (NASDAQ:RPAY)

G2 Investment Partners Management LLC purchased a new stake in Repay Holdings Co. (NASDAQ:RPAYFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 855,153 shares of the company’s stock, valued at approximately $7,303,000. Repay makes up 2.1% of G2 Investment Partners Management LLC’s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of RPAY. Swiss National Bank boosted its holdings in Repay by 3.6% in the 3rd quarter. Swiss National Bank now owns 173,283 shares of the company’s stock worth $1,315,000 after buying an additional 6,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Repay by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,550 shares of the company’s stock worth $4,513,000 after buying an additional 16,063 shares during the last quarter. Blair William & Co. IL boosted its holdings in Repay by 1.4% in the 3rd quarter. Blair William & Co. IL now owns 460,127 shares of the company’s stock worth $3,492,000 after buying an additional 6,455 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Repay by 19.7% in the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock worth $171,000 after buying an additional 3,669 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in Repay in the 3rd quarter worth about $1,783,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RPAY shares. Keefe, Bruyette & Woods boosted their target price on Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a report on Monday, March 4th. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Repay in a report on Tuesday, April 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Friday, May 10th. Benchmark reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Friday, May 24th. Finally, Truist Financial reissued a “buy” rating and issued a $13.00 target price (up previously from $10.00) on shares of Repay in a research report on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.50.

Read Our Latest Stock Analysis on Repay

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 58,275 shares of Repay stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $11.03, for a total value of $642,773.25. Following the transaction, the chief financial officer now owns 506,924 shares in the company, valued at approximately $5,591,371.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.00% of the stock is owned by company insiders.

Repay Trading Down 2.2 %

NASDAQ RPAY traded down $0.24 during mid-day trading on Thursday, reaching $10.76. 408,411 shares of the stock were exchanged, compared to its average volume of 610,000. Repay Holdings Co. has a 1-year low of $5.63 and a 1-year high of $11.27. The business’s fifty day simple moving average is $10.11 and its 200 day simple moving average is $9.16. The stock has a market capitalization of $1.09 billion, a PE ratio of -11.22 and a beta of 1.39. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44.

Repay (NASDAQ:RPAYGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $80.72 million for the quarter, compared to analyst estimates of $80.24 million. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. On average, research analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

About Repay

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Repay (NASDAQ:RPAY)

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