Repay Holdings Co. (NASDAQ:RPAY) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 290.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,400 shares of the company’s stock after purchasing an additional 46,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.06% of Repay worth $476,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Repay by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 152,655 shares of the company’s stock worth $1,165,000 after buying an additional 15,141 shares during the period. ProShare Advisors LLC increased its stake in shares of Repay by 42.8% during the 4th quarter. ProShare Advisors LLC now owns 24,424 shares of the company’s stock valued at $186,000 after acquiring an additional 7,323 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Repay by 34.0% during the 4th quarter. Empowered Funds LLC now owns 475,818 shares of the company’s stock worth $3,630,000 after acquiring an additional 120,777 shares during the period. Jane Street Group LLC lifted its holdings in shares of Repay by 21.4% during the 4th quarter. Jane Street Group LLC now owns 60,911 shares of the company’s stock worth $465,000 after acquiring an additional 10,745 shares during the period. Finally, Barclays PLC boosted its position in shares of Repay by 1.5% in the fourth quarter. Barclays PLC now owns 1,509,813 shares of the company’s stock worth $11,520,000 after acquiring an additional 22,836 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insiders Place Their Bets

In other news, President Shaler Alias acquired 15,378 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were purchased at an average price of $3.93 per share, for a total transaction of $60,435.54. Following the acquisition, the president now directly owns 264,782 shares of the company’s stock, valued at $1,040,593.26. This represents a 6.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Andrew Sr. Morris bought 86,761 shares of the stock in a transaction dated Thursday, May 15th. The shares were acquired at an average price of $3.89 per share, with a total value of $337,500.29. Following the completion of the purchase, the chief executive officer now directly owns 86,761 shares of the company’s stock, valued at approximately $337,500.29. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 439,702 shares of company stock worth $1,806,974 in the last 90 days. 12.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays dropped their price target on shares of Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. BMO Capital Markets dropped their price objective on Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Tuesday, May 13th. DA Davidson reiterated a “buy” rating and issued a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Wall Street Zen downgraded Repay from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, UBS Group cut their price objective on Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.90.

Repay Stock Down 2.9%

Shares of NASDAQ RPAY opened at $4.96 on Thursday. The stock has a fifty day moving average price of $4.50 and a 200 day moving average price of $6.33. 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 12-month low of $3.59 and a 12-month high of $11.27. The company has a market cap of $493.22 million, a P/E ratio of -5.70 and a beta of 1.60.

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

Repay announced that its board has initiated a stock repurchase program on Monday, May 12th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.