AlphaCrest Capital Management LLC Makes New $1.13 Million Investment in Repay Holdings Co. (NASDAQ:RPAY)

AlphaCrest Capital Management LLC bought a new position in shares of Repay Holdings Co. (NASDAQ:RPAYGet Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 61,614 shares of the company’s stock, valued at approximately $1,126,000. AlphaCrest Capital Management LLC owned 0.07% of Repay as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in shares of Repay by 12.7% in the 3rd quarter. Raymond James & Associates now owns 81,519 shares of the company’s stock worth $1,877,000 after purchasing an additional 9,203 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Repay by 23.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 67,553 shares of the company’s stock worth $1,234,000 after purchasing an additional 12,658 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its position in shares of Repay by 0.7% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 194,436 shares of the company’s stock worth $3,552,000 after purchasing an additional 1,400 shares in the last quarter. AXA S.A. boosted its position in shares of Repay by 39.6% in the 3rd quarter. AXA S.A. now owns 69,800 shares of the company’s stock worth $1,607,000 after purchasing an additional 19,800 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Repay in the 3rd quarter worth approximately $303,000.

In other Repay news, EVP Naomi Barnett sold 6,500 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $14.72, for a total value of $95,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.66% of the company’s stock.

NASDAQ RPAY opened at $10.40 on Friday. The business’s fifty day moving average price is $14.04 and its 200-day moving average price is $16.56. The stock has a market capitalization of $941.76 million, a price-to-earnings ratio of -37.14 and a beta of 0.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.04 and a quick ratio of 1.04. Repay Holdings Co. has a 1-year low of $9.79 and a 1-year high of $25.75.

Repay (NASDAQ:RPAYGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Repay had a positive return on equity of 6.87% and a negative net margin of 8.63%. The company had revenue of $67.56 million during the quarter, compared to analysts’ expectations of $67.36 million. During the same quarter last year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. Equities research analysts anticipate that Repay Holdings Co. will post 0.7 EPS for the current year.

Several research firms recently issued reports on RPAY. Canaccord Genuity Group lowered their price objective on Repay from $30.00 to $25.00 in a research report on Thursday. BTIG Research lowered their price objective on Repay from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, January 26th. Morgan Stanley lowered their price objective on Repay from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 2nd. Zacks Investment Research cut Repay from a “buy” rating to a “hold” rating in a research report on Friday, March 11th. Finally, Credit Suisse Group lowered their price objective on Repay from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $22.00.

Repay Profile (Get Rating)

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.

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Institutional Ownership by Quarter for Repay (NASDAQ:RPAY)

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