Bleakley Financial Group LLC Raises Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Bleakley Financial Group LLC lifted its position in Repay Holdings Co. (NASDAQ:RPAY) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,734 shares of the company’s stock after purchasing an additional 2,925 shares during the period. Bleakley Financial Group LLC’s holdings in Repay were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of RPAY. Advisor Group Holdings Inc. boosted its stake in shares of Repay by 42.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,884 shares of the company’s stock worth $62,000 after buying an additional 856 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Repay by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 337,616 shares of the company’s stock worth $4,987,000 after buying an additional 2,583 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Repay by 108.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,605 shares of the company’s stock worth $673,000 after buying an additional 23,687 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Repay by 53.9% in the 1st quarter. MetLife Investment Management LLC now owns 46,344 shares of the company’s stock worth $685,000 after buying an additional 16,227 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Repay by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 4,351,144 shares of the company’s stock worth $64,266,000 after buying an additional 114,669 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Price Performance

NASDAQ:RPAY opened at $9.40 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $958.85 million, a P/E ratio of -7.70 and a beta of 1.34. Repay Holdings Co. has a 12 month low of $5.61 and a 12 month high of $11.22. The business’s 50-day moving average is $9.65 and its 200 day moving average is $8.14.

Repay (NASDAQ:RPAY) last posted its earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company 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%. On average, equities research analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $642,773.25. Following the sale, the chief financial officer now directly owns 506,924 shares in the company, valued at $5,591,371.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 116,019 shares of company stock worth $1,220,382. Corporate insiders own 19.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Benchmark assumed coverage on Repay in a research note on Tuesday, February 13th. They issued a “buy” rating and a $10.00 price target on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Friday, March 1st. DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Repay in a report on Monday, March 4th. Keefe, Bruyette & Woods raised 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. Finally, Truist Financial reaffirmed a “buy” rating and issued a $13.00 target price (up from $10.00) on shares of Repay in a report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Repay has a consensus rating of “Hold” and an average target price of $10.25.

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.