Sovereign s Capital Management LLC Invests $4.41 Million in Repay Holdings Co. (NASDAQ:RPAY)

Sovereign s Capital Management LLC acquired a new position in Repay Holdings Co. (NASDAQ:RPAY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 577,760 shares of the company’s stock, valued at approximately $4,408,000. Repay comprises approximately 2.8% of Sovereign s Capital Management LLC’s holdings, making the stock its 4th largest position.

Several other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of 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 in the last quarter. Invesco Ltd. raised its position in shares of Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock worth $1,216,000 after acquiring an additional 2,142 shares in the last quarter. Bailard Inc. raised its position in shares of Repay by 5.7% in the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock worth $325,000 after acquiring an additional 2,300 shares in the last quarter. Quarry LP acquired a new stake in shares of Repay in the 4th quarter valued at about $27,000. Finally, Bfsg LLC grew its stake in shares of Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock valued at $127,000 after buying an additional 3,830 shares during the period. 82.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Canaccord Genuity Group reduced their target price on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. DA Davidson restated a “buy” rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Stephens restated an “overweight” rating and issued a $11.00 target price on shares of Repay in a research note on Tuesday, March 4th. BMO Capital Markets reduced their target price on Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods reduced their target price on Repay from $6.50 to $4.50 and set a “market perform” rating for the company in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Repay has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Repay Stock Performance

Shares of RPAY opened at $4.10 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a 50 day moving average price of $4.80 and a two-hundred day moving average price of $6.64. The firm has a market capitalization of $407.70 million, a P/E ratio of -4.71 and a beta of 1.61. Repay Holdings Co. has a 52 week low of $3.59 and a 52 week high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $77.33 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. Equities analysts forecast that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay declared that its board has initiated a stock repurchase plan on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 19% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Repay news, CEO John Andrew Sr. Morris bought 163,041 shares of Repay stock in a transaction dated Wednesday, May 14th. The stock was bought at an average cost of $4.20 per share, with a total value of $684,772.20. Following the completion of the acquisition, the chief executive officer now directly owns 253,041 shares in the company, valued at approximately $1,062,772.20. The trade was a 181.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Shaler Alias bought 15,378 shares of Repay stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $3.93 per share, with a total value of $60,435.54. Following the completion of the acquisition, the president now owns 264,782 shares of the company’s stock, valued at $1,040,593.26. This represents a 6.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 439,702 shares of company stock valued at $1,806,974. Corporate insiders own 12.00% of the company’s stock.

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.