Whetstone Capital Advisors LLC Acquires 2,587,400 Shares of Repay Holdings Corporation $RPAY

Whetstone Capital Advisors LLC boosted its holdings in Repay Holdings Corporation (NASDAQ:RPAY) by 1,832.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,728,627 shares of the company’s stock after buying an additional 2,587,400 shares during the period. Repay accounts for approximately 3.1% of Whetstone Capital Advisors LLC’s holdings, making the stock its 8th largest holding. Whetstone Capital Advisors LLC owned approximately 2.99% of Repay worth $9,959,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Repay in the 3rd quarter worth about $26,000. Merit Financial Group LLC boosted its stake in Repay by 56.2% in the 3rd quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock worth $102,000 after buying an additional 7,036 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after buying an additional 7,217 shares during the last quarter. Creative Planning boosted its stake in Repay by 13.0% in the 2nd quarter. Creative Planning now owns 64,340 shares of the company’s stock worth $310,000 after buying an additional 7,381 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in Repay by 42.8% in the 4th quarter. Martingale Asset Management L P now owns 24,700 shares of the company’s stock worth $90,000 after buying an additional 7,400 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RPAY has been the topic of a number of research analyst reports. Weiss Ratings lowered Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Morgan Stanley reduced their price objective on Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Tuesday, March 10th. Benchmark reduced their price objective on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Canaccord Genuity Group reduced their price objective on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, Stephens lowered Repay from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $7.00 to $3.75 in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.32.

Repay Stock Performance

NASDAQ RPAY opened at $3.37 on Monday. The firm has a market capitalization of $320.02 million, a P/E ratio of -1.10 and a beta of 1.86. Repay Holdings Corporation has a 1-year low of $2.30 and a 1-year high of $6.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50-day simple moving average is $3.46 and its 200-day simple moving average is $3.36.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $80.79 million for the quarter, compared to analyst estimates of $80.48 million. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%. Equities analysts predict that Repay Holdings Corporation will post 0.69 EPS for the current year.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.