Pallas Capital Advisors LLC Buys Shares of 11,760 Repay Holdings Corporation $RPAY

Pallas Capital Advisors LLC bought a new stake in Repay Holdings Corporation (NASDAQ:RPAY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,760 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds also recently made changes to their positions in the stock. Inspire Investing LLC purchased a new position in shares of Repay in the first quarter valued at $346,000. Jane Street Group LLC grew its position in shares of Repay by 57.6% in the first quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock valued at $535,000 after purchasing an additional 35,068 shares in the last quarter. Empowered Funds LLC grew its position in shares of Repay by 4.6% in the first quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock valued at $2,772,000 after purchasing an additional 21,807 shares in the last quarter. Continental Advisors LLC grew its position in shares of Repay by 267.2% in the first quarter. Continental Advisors LLC now owns 336,090 shares of the company’s stock valued at $1,872,000 after purchasing an additional 244,556 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Repay by 24.6% in the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock valued at $12,065,000 after purchasing an additional 428,289 shares in the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 26,385 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the transaction, the executive vice president owned 193,532 shares of the company’s stock, valued at approximately $1,139,903.48. This represents a 12.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RPAY. DA Davidson reduced their price target on Repay from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their target price on Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. Canaccord Genuity Group restated a “buy” rating and set a $12.00 target price on shares of Repay in a research report on Friday, August 22nd. Morgan Stanley boosted their target price on Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Finally, UBS Group boosted their target price on Repay from $4.50 to $5.75 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.22.

Repay Trading Down 6.0%

RPAY opened at $5.33 on Wednesday. The business has a 50 day simple moving average of $5.47 and a two-hundred day simple moving average of $5.04. The firm has a market capitalization of $486.84 million, a price-to-earnings ratio of -4.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.85. Repay Holdings Corporation has a one year low of $3.59 and a one year high of $9.75.

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

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.