Repay Holdings Co. (NASDAQ:RPAY) Position Boosted by Millrace Asset Group Inc.

Millrace Asset Group Inc. raised its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 216.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 323,139 shares of the company’s stock after purchasing an additional 221,102 shares during the period. Repay accounts for 2.7% of Millrace Asset Group Inc.’s holdings, making the stock its 4th biggest position. Millrace Asset Group Inc.’s holdings in Repay were worth $2,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RPAY. Quantbot Technologies LP bought a new stake in Repay during the third quarter valued at about $601,000. Bank of Montreal Can grew its holdings in Repay by 8,811.5% during the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after buying an additional 1,286,917 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Repay by 28.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company’s stock valued at $355,000 after acquiring an additional 9,570 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its stake in shares of Repay by 157.1% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 70,190 shares of the company’s stock worth $573,000 after buying an additional 42,890 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Repay during the third quarter valued at approximately $164,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RPAY. Barclays cut their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

Repay Stock Performance

RPAY stock opened at $8.20 on Tuesday. The firm has a 50-day simple moving average of $8.07 and a two-hundred day simple moving average of $8.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay Holdings Co. has a one year low of $7.04 and a one year high of $11.27. The firm has a market cap of $800.57 million, a price-to-earnings ratio of -9.43 and a beta of 1.44.

Repay (NASDAQ:RPAY) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. Repay’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. On average, equities analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Insider Activity at Repay

In other news, EVP Jacob Hamilton Moore sold 51,694 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $8.00, for a total transaction of $413,552.00. Following the sale, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,121,040. The trade was a 26.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 269,524 shares of company stock valued at $2,222,784 in the last ninety days. Corporate insiders own 11.00% of the company’s stock.

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.