Entropy Technologies LP Purchases Shares of 13,334 Repay Holdings Co. (NASDAQ:RPAY)

Entropy Technologies LP purchased a new position in shares of Repay Holdings Co. (NASDAQ:RPAY) during the third quarter, Holdings Channel.com reports. The firm purchased 13,334 shares of the company’s stock, valued at approximately $109,000.

Other large investors also recently modified their holdings of the company. Sei Investments Co. boosted its stake in Repay by 30.1% during the first quarter. Sei Investments Co. now owns 259,588 shares of the company’s stock worth $2,855,000 after acquiring an additional 60,018 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Repay by 8.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after purchasing an additional 233,334 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Repay in the 2nd quarter valued at about $1,365,000. American Century Companies Inc. increased its position in Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock valued at $26,745,000 after buying an additional 158,668 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Repay by 182.1% during the 2nd quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock worth $24,601,000 after buying an additional 1,503,919 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RPAY. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Finally, Barclays reduced their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.29.

Repay Stock Performance

NASDAQ RPAY opened at $7.85 on Monday. The company has a fifty day moving average price of $8.06 and a 200-day moving average price of $9.08. The firm has a market cap of $767.34 million, a price-to-earnings ratio of -9.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 3.83. Repay Holdings Co. has a 1 year low of $7.03 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same quarter last year, the business posted $0.16 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Repay Holdings Co. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $8.18, for a total transaction of $58,879.64. Following the completion of the sale, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at $1,146,263.40. This trade represents a 4.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is owned by company insiders.

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.