Paloma Partners Management Co Takes $219,000 Position in Repay Holdings Co. (NASDAQ:RPAY)

Paloma Partners Management Co bought a new position in Repay Holdings Co. (NASDAQ:RPAY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,789 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in shares of Repay by 182.1% in the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after buying an additional 1,503,919 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Repay by 8,811.5% in the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after acquiring an additional 1,286,917 shares during the last quarter. River Road Asset Management LLC raised its position in shares of Repay by 89.9% during the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after purchasing an additional 895,429 shares during the period. Millrace Asset Group Inc. lifted its holdings in shares of Repay by 216.7% during the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock valued at $2,637,000 after purchasing an additional 221,102 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock valued at $26,745,000 after purchasing an additional 158,668 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 51,694 shares of the firm’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 transaction, the executive vice president now directly owns 140,130 shares in the company, valued at $1,121,040. This trade represents a 26.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Repay Trading Up 3.9 %

Repay stock opened at $7.98 on Friday. 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 Holdings Co. has a 12 month low of $7.04 and a 12 month high of $11.27. The company’s fifty day simple moving average is $8.02 and its 200-day simple moving average is $8.87. The stock has a market cap of $779.11 million, a P/E ratio of -9.17 and a beta of 1.42.

Repay (NASDAQ:RPAY) last issued its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. As a group, sell-side analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RPAY has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. Barclays lowered their price target on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, Benchmark reissued a “buy” rating and issued a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.83.

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.