Millrace Asset Group Inc. Raises Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Millrace Asset Group Inc. raised its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 216.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,139 shares of the company’s stock after purchasing an additional 221,102 shares during the quarter. Repay accounts for approximately 2.7% of Millrace Asset Group Inc.’s portfolio, making the stock its 4th largest position. Millrace Asset Group Inc. owned about 0.33% of Repay worth $2,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RPAY. ProShare Advisors LLC raised its holdings in shares of Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after purchasing an additional 1,174 shares during the last quarter. Vanguard Group Inc. grew its stake in Repay by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock valued at $48,366,000 after buying an additional 32,554 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Repay by 18.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock valued at $264,000 after purchasing an additional 3,661 shares during the period. Bayesian Capital Management LP lifted its holdings in shares of Repay by 33.8% in the first quarter. Bayesian Capital Management LP now owns 30,906 shares of the company’s stock worth $340,000 after buying an additional 7,800 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Repay by 8.8% in the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after purchasing an additional 233,334 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Price Performance

Shares of RPAY stock opened at $8.20 on Tuesday. Repay Holdings Co. has a twelve month low of $7.04 and a twelve month high of $11.27. The stock has a market cap of $800.57 million, a price-to-earnings ratio of -9.43 and a beta of 1.44. The business’s fifty day moving average is $8.07 and its 200 day moving average is $8.97. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

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

Insider Buying and Selling

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the completion of the sale, the executive vice president now owns 240,130 shares of the company’s stock, valued at $1,995,480.30. This represents a 46.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on RPAY. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. Benchmark reissued a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Finally, Barclays decreased 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. Two equities research 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 company currently has an average rating of “Moderate Buy” and an average price target of $12.29.

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.