GSA Capital Partners LLP Sells 94,001 Shares of Repay Holdings Corporation (NASDAQ:RPAY)

GSA Capital Partners LLP cut its holdings in Repay Holdings Corporation (NASDAQ:RPAY) by 49.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,478 shares of the company’s stock after selling 94,001 shares during the period. GSA Capital Partners LLP’s holdings in Repay were worth $543,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RPAY. KLP Kapitalforvaltning AS bought a new position in Repay in the fourth quarter worth approximately $111,000. CIBC Private Wealth Group LLC raised its position in shares of Repay by 67.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 16,193 shares of the company’s stock valued at $121,000 after purchasing an additional 6,512 shares during the period. Wellington Management Group LLP raised its position in shares of Repay by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company’s stock valued at $35,941,000 after purchasing an additional 152,078 shares during the period. Wells Fargo & Company MN raised its position in shares of Repay by 22.4% during the 4th quarter. Wells Fargo & Company MN now owns 50,903 shares of the company’s stock valued at $388,000 after purchasing an additional 9,304 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Repay by 49.1% during the 4th quarter. Federated Hermes Inc. now owns 268,309 shares of the company’s stock valued at $2,047,000 after purchasing an additional 88,302 shares during the period. 82.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Repay from $8.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, May 19th. Barclays decreased their price objective on shares of Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Repay from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Morgan Stanley set a $4.50 price objective on shares of Repay in a research report on Wednesday, May 14th. Finally, BMO Capital Markets decreased their price objective on shares of Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 13th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Repay has an average rating of “Moderate Buy” and an average price target of $7.90.

Repay Stock Performance

Shares of NASDAQ:RPAY opened at $4.92 on Tuesday. Repay Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $9.75. The stock has a market capitalization of $489.24 million, a P/E ratio of -32.80 and a beta of 1.64. The firm has a fifty day simple moving average of $4.92 and a two-hundred day simple moving average of $5.43. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.65.

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). Repay had a positive return on equity of 8.49% and a negative net margin of 4.16%. The business had revenue of $77.33 million during the quarter, compared to analysts’ expectations of $76.06 million. During the same period in the previous year, the business earned $0.23 earnings per share. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect that Repay Holdings Corporation will post 0.72 earnings per share for the current fiscal year.

Repay announced that its board has initiated a stock buyback program on Monday, May 12th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to buy up to 19% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Repay news, President Shaler Alias acquired 174,404 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $4.15 per share, with a total value of $723,776.60. Following the purchase, the president directly owned 249,404 shares of the company’s stock, valued at approximately $1,035,026.60. This represents a 232.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Andrew Sr. Morris acquired 163,041 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $4.20 per share, with a total value of $684,772.20. Following the completion of the purchase, the chief executive officer directly owned 253,041 shares in the company, valued at approximately $1,062,772.20. This represents a 181.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 439,702 shares of company stock valued at $1,806,974 over the last three months. 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.