River Road Asset Management LLC Increases Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

River Road Asset Management LLC increased its position in Repay Holdings Co. (NASDAQ:RPAY) by 31.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,490,949 shares of the company’s stock after acquiring an additional 599,840 shares during the period. River Road Asset Management LLC owned about 2.55% of Repay worth $19,006,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after acquiring an additional 2,077 shares during the last quarter. Bailard Inc. grew its position in Repay by 5.7% in the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock worth $325,000 after purchasing an additional 2,300 shares during the period. Bfsg LLC grew its position in Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock worth $127,000 after purchasing an additional 3,830 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Repay by 30.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company’s stock worth $153,000 after purchasing an additional 4,659 shares during the period. Finally, R Squared Ltd bought a new stake in Repay in the 4th quarter worth approximately $36,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by company insiders.

Repay Trading Down 2.0 %

NASDAQ:RPAY opened at $5.75 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a market capitalization of $560.56 million, a price-to-earnings ratio of -6.61 and a beta of 1.54. Repay Holdings Co. has a one year low of $5.70 and a one year high of $11.27. The business has a fifty day moving average price of $7.28 and a 200-day moving average price of $7.80.

Wall Street Analyst Weigh In

A number of research firms have commented on RPAY. Canaccord Genuity Group cut their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Barclays cut their target price on shares of Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday. BMO Capital Markets cut their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. DA Davidson reaffirmed a “buy” rating and issued a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Finally, UBS Group cut their price objective on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.31.

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.