Quest Partners LLC Acquires Shares of 29,820 Repay Holdings Co. (NASDAQ:RPAY)

Quest Partners LLC bought a new position in Repay Holdings Co. (NASDAQ:RPAY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,820 shares of the company’s stock, valued at approximately $243,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Repay by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after purchasing an additional 32,554 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Repay by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock valued at $35,715,000 after buying an additional 45,656 shares in the last quarter. Janus Henderson Group PLC raised its position in Repay by 8.8% during the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock valued at $31,589,000 after buying an additional 233,334 shares during the period. American Century Companies Inc. lifted its stake in Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after acquiring an additional 158,668 shares in the last quarter. Finally, Millennium Management LLC boosted its position 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 acquiring an additional 1,503,919 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Down 1.5 %

Repay stock opened at $8.08 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 1-year low of $7.04 and a 1-year high of $11.27. The firm’s fifty day simple moving average is $8.07 and its 200-day simple moving average is $8.95. The company has a market capitalization of $788.85 million, a P/E ratio of -9.29 and a beta of 1.44.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. During the same quarter last year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Repay

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the transaction, the executive vice president now owns 240,130 shares in the company, valued at approximately $1,995,480.30. The trade was a 46.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 269,524 shares of company stock worth $2,222,784 in the last 90 days. 11.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Wednesday, November 13th. Finally, Barclays lowered their price target on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Repay presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

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.