Bailard Inc. Has $325,000 Position in Repay Holdings Co. (NASDAQ:RPAY)

Bailard Inc. boosted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 5.7% in the fourth quarter, Holdings Channel reports. The firm owned 42,600 shares of the company’s stock after acquiring an additional 2,300 shares during the period. Bailard Inc.’s holdings in Repay were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Repay during the 4th quarter worth $36,000. Blue Trust Inc. raised its holdings in Repay by 57.9% in 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 period. Olympiad Research LP acquired a new position in Repay during the 4th quarter worth $80,000. Point72 DIFC Ltd bought a new stake in Repay during the third quarter valued at about $99,000. Finally, Entropy Technologies LP acquired a new stake in shares of Repay in the third quarter valued at about $109,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Activity

In other Repay 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 transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.00% of the stock is owned by company insiders.

Repay Trading Down 14.2 %

Shares of Repay stock opened at $6.11 on Wednesday. Repay Holdings Co. has a 52-week low of $6.00 and a 52-week high of $11.27. The firm has a market capitalization of $596.54 million, a PE ratio of -7.02 and a beta of 1.43. 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 company’s fifty day moving average price is $7.43 and its two-hundred day moving average price is $7.87.

Wall Street Analysts Forecast Growth

RPAY has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and set a $11.00 target price on shares of Repay in a research note on Tuesday. DA Davidson reissued a “buy” rating and issued a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. UBS Group dropped their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday. Canaccord Genuity Group reduced their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday. Finally, BMO Capital Markets dropped their price objective on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and a consensus target price of $10.56.

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.