GSA Capital Partners LLP Invests $972,000 in Repay Holdings Co. (NASDAQ:RPAY)

GSA Capital Partners LLP acquired a new stake in Repay Holdings Co. (NASDAQ:RPAY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 119,063 shares of the company’s stock, valued at approximately $972,000. GSA Capital Partners LLP owned about 0.12% of Repay at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares during the last quarter. nVerses Capital LLC acquired a new position in Repay during the third quarter valued at approximately $59,000. Entropy Technologies LP bought a new stake in Repay in the third quarter valued at approximately $109,000. Creative Planning bought a new stake in Repay in the third quarter valued at approximately $115,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Repay in the third quarter worth $126,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RPAY has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Tuesday, August 13th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday. Finally, Barclays cut their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.29.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the sale, the executive vice president now owns 240,130 shares in the company, valued at approximately $1,995,480.30. This represents a 46.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 269,524 shares of company stock valued at $2,222,784. Corporate insiders own 11.00% of the company’s stock.

Repay Stock Performance

Shares of Repay stock opened at $7.85 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 3.83. The firm has a market cap of $767.34 million, a price-to-earnings ratio of -9.14 and a beta of 1.44. Repay Holdings Co. has a one year low of $7.03 and a one year high of $11.27. The stock’s 50-day moving average is $8.07 and its 200-day moving average is $9.11.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Repay Holdings Co. will post 0.74 earnings per share for the current fiscal year.

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.