AlphaQuest LLC Sells 62,513 Shares of Repay Holdings Corporation $RPAY

AlphaQuest LLC lowered its stake in Repay Holdings Corporation (NASDAQ:RPAY) by 89.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,348 shares of the company’s stock after selling 62,513 shares during the period. AlphaQuest LLC’s holdings in Repay were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Repay by 4.4% in the first quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock valued at $27,392,000 after buying an additional 207,212 shares in the last quarter. Vanguard Group Inc. boosted its position in Repay by 1.8% in the first quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock valued at $26,569,000 after buying an additional 82,196 shares in the last quarter. American Century Companies Inc. boosted its position in Repay by 6.1% in the first quarter. American Century Companies Inc. now owns 4,427,315 shares of the company’s stock valued at $24,660,000 after buying an additional 255,667 shares in the last quarter. Private Management Group Inc. boosted its position in Repay by 52.6% in the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company’s stock valued at $14,787,000 after buying an additional 914,529 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Repay by 120.6% in the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock valued at $13,259,000 after buying an additional 950,185 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RPAY shares. Wall Street Zen upgraded shares of Repay from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. BMO Capital Markets cut their target price on shares of Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 13th. Citigroup cut their price target on shares of Repay from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, May 19th. Morgan Stanley lifted their price target on shares of Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.22.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $5.69 on Friday. The firm has a market cap of $519.72 million, a PE ratio of -4.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. Repay Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $9.75. The firm’s fifty day moving average is $5.25 and its 200-day moving average is $5.16.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $75.63 million for the quarter, compared to analyst estimates of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. Repay’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. Sell-side analysts predict that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Repay declared that its board has initiated a stock repurchase plan on Monday, May 12th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 19% of its stock through open market purchases. Stock repurchase plans are usually an indication 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.