Private Management Group Inc. Has $13.28 Million Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Private Management Group Inc. raised its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 71.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,740,150 shares of the company’s stock after purchasing an additional 726,058 shares during the quarter. Private Management Group Inc. owned 1.78% of Repay worth $13,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new stake in Repay in the 2nd quarter valued at $142,000. AQR Capital Management LLC lifted its holdings in shares of Repay by 46.8% during the second quarter. AQR Capital Management LLC now owns 51,012 shares of the company’s stock valued at $539,000 after acquiring an additional 16,272 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Repay by 13.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,578 shares of the company’s stock valued at $365,000 after purchasing an additional 4,138 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Repay in the 2nd quarter worth about $190,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Repay during the 3rd quarter worth about $239,000. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Performance

Shares of NASDAQ:RPAY opened at $7.57 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. Repay Holdings Co. has a 12 month low of $7.15 and a 12 month high of $11.27. The company’s 50-day moving average price is $7.72 and its two-hundred day moving average price is $8.11.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Repay’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Repay Holdings Co. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

RPAY has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Repay in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods reduced their target price on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.33.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

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.