Bamco Inc. NY Sells 154,915 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Bamco Inc. NY cut its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,758,000 shares of the company’s stock after selling 154,915 shares during the period. Bamco Inc. NY owned 3.84% of Repay worth $30,665,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RPAY. Blue Trust Inc. increased its holdings in shares of Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after purchasing an additional 2,771 shares during the last quarter. nVerses Capital LLC acquired a new position in Repay in the 3rd quarter valued at about $59,000. Entropy Technologies LP bought a new position in Repay in the 3rd quarter valued at about $109,000. Creative Planning acquired a new stake in Repay during the third quarter worth approximately $115,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Repay during the third quarter worth approximately $126,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Barclays dropped their target price on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Wednesday, November 13th. Two 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.29.

Insider Buying and Selling at Repay

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the transaction, the executive vice president now owns 240,130 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is currently owned by corporate insiders.

Repay Trading Up 4.3 %

Shares of NASDAQ RPAY opened at $8.43 on Tuesday. The stock’s fifty day moving average is $8.04 and its 200 day moving average is $8.91. Repay Holdings Co. has a 52 week low of $7.04 and a 52 week high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Repay (NASDAQ:RPAY) last released its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. As a group, analysts forecast that Repay Holdings Co. will post 0.73 EPS 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.