BNP Paribas Financial Markets Buys New Shares in Repay Holdings Co. (NASDAQ:RPAY)

BNP Paribas Financial Markets bought a new stake in Repay Holdings Co. (NASDAQ:RPAY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,754 shares of the company’s stock, valued at approximately $1,532,000. BNP Paribas Financial Markets owned 0.21% of Repay as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new position in Repay in the fourth quarter valued at $27,000. R Squared Ltd acquired a new position in Repay in the fourth quarter valued at $36,000. Blue Trust Inc. lifted its holdings in Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after buying an additional 2,077 shares during the period. Johnson Financial Group Inc. acquired a new position in Repay in the fourth quarter valued at $47,000. Finally, Olympiad Research LP acquired a new position in Repay in the fourth quarter valued at $80,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Transactions at Repay

In other news, President Shaler Alias acquired 174,404 shares of Repay stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $4.15 per share, with a total value of $723,776.60. Following the transaction, the president now owns 249,404 shares of the company’s stock, valued at approximately $1,035,026.60. This trade represents a 232.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Andrew Sr. Morris acquired 86,761 shares of Repay stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $3.89 per share, with a total value of $337,500.29. Following the completion of the transaction, the chief executive officer now directly owns 86,761 shares in the company, valued at $337,500.29. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 439,702 shares of company stock valued at $1,806,974 over the last three months. Corporate insiders own 12.00% of the company’s stock.

Repay Trading Up 6.8%

NASDAQ:RPAY opened at $4.10 on Monday. 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 firm has a 50-day moving average of $4.80 and a 200-day moving average of $6.64. The company has a market cap of $399.70 million, a PE ratio of -4.71 and a beta of 1.61. Repay Holdings Co. has a one year low of $3.59 and a one year high of $11.27.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $77.33 million for the quarter, compared to the consensus estimate of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. As a group, equities research analysts expect that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Repay announced that its Board of Directors has initiated a share buyback program on Monday, May 12th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to purchase up to 19% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on RPAY shares. UBS Group dropped their target price on shares of Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. DA Davidson reiterated a “buy” rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Stephens reiterated an “overweight” rating and set a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. Canaccord Genuity Group dropped their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, BMO Capital Markets dropped their price objective on shares of Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.75.

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.