69,910 Shares in Repay Holdings Co. (NASDAQ:RPAY) Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new position in shares of Repay Holdings Co. (NASDAQ:RPAY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 69,910 shares of the company’s stock, valued at approximately $533,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Repay during the 4th quarter worth approximately $27,000. R Squared Ltd acquired a new stake in Repay during the 4th quarter worth approximately $36,000. Blue Trust Inc. lifted its position in Repay by 57.9% during 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 period. Johnson Financial Group Inc. acquired a new stake in Repay during the 4th quarter worth approximately $47,000. Finally, Olympiad Research LP acquired a new stake in Repay during the 4th quarter worth approximately $80,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RPAY has been the subject of a number of recent research reports. BMO Capital Markets decreased their price objective on Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Tuesday. UBS Group decreased their price objective on Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday. DA Davidson reissued a “buy” rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Canaccord Genuity Group reduced their price target on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Barclays reduced their price target on Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Repay Stock Up 6.1%

RPAY opened at $4.19 on Thursday. 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 business has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $6.71. The stock has a market capitalization of $408.47 million, a P/E ratio of -4.82 and a beta of 1.61. Repay Holdings Co. has a 12 month low of $3.59 and a 12 month high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $77.33 million for the quarter, compared to analyst estimates of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay declared that its Board of Directors has initiated a stock repurchase program on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to purchase up to 19% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About Repay

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.