Private Management Group Inc. Buys Shares of 1,161,469 Repay Holdings Co. (NASDAQ:RPAY)

Private Management Group Inc. bought a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,161,469 shares of the company’s stock, valued at approximately $9,919,000. Private Management Group Inc. owned about 1.16% of Repay at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new stake in Repay during the third quarter valued at $91,000. Oak Thistle LLC acquired a new position in shares of Repay during the fourth quarter valued at $103,000. SG Americas Securities LLC acquired a new position in shares of Repay during the third quarter valued at $134,000. Simplicity Solutions LLC boosted its holdings in shares of Repay by 17.4% during the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after acquiring an additional 2,744 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Repay by 18.5% during the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock valued at $160,000 after acquiring an additional 2,925 shares during the period. Institutional investors own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RPAY shares. Keefe, Bruyette & Woods boosted their price target on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a report on Monday, March 4th. Benchmark began coverage on shares of Repay in a report on Tuesday, February 13th. They set a “buy” rating and a $10.00 price target for the company. Barclays upped their price objective on shares of Repay from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Truist Financial reaffirmed a “buy” rating and issued a $13.00 price objective (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.25.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 58,275 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $11.03, for a total transaction of $642,773.25. Following the sale, the chief financial officer now owns 506,924 shares in the company, valued at approximately $5,591,371.72. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 116,019 shares of company stock worth $1,220,382. Company insiders own 19.23% of the company’s stock.

Repay Price Performance

NASDAQ RPAY traded down $0.13 on Wednesday, reaching $9.95. The company’s stock had a trading volume of 310,386 shares, compared to its average volume of 628,384. Repay Holdings Co. has a twelve month low of $5.61 and a twelve month high of $11.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95. The firm’s 50 day moving average is $9.81 and its two-hundred day moving average is $8.24.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $75.99 million for the quarter, compared to the consensus estimate of $69.94 million. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. As a group, equities research analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Repay Company 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.