Repay Holdings Corporation $RPAY Shares Sold by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC reduced its stake in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 71.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 764,673 shares of the company’s stock after selling 1,925,966 shares during the period. Repay makes up about 0.8% of Whetstone Capital Advisors LLC’s holdings, making the stock its 24th largest position. Whetstone Capital Advisors LLC owned about 0.80% of Repay worth $3,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Essential Partners LLC lifted its stake in shares of Repay by 69.8% in the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after purchasing an additional 3,950 shares during the period. Quarry LP purchased a new position in Repay in the third quarter valued at about $26,000. Krilogy Financial LLC acquired a new stake in shares of Repay during the 1st quarter valued at approximately $29,000. Caerus Investment Advisors LLC acquired a new stake in shares of Repay during the 1st quarter valued at approximately $31,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Repay during the 1st quarter worth approximately $36,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Stock Down 3.5%

RPAY stock opened at $3.55 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43. The company’s 50 day simple moving average is $3.88 and its 200-day simple moving average is $3.49. Repay Holdings Corporation has a 12 month low of $2.30 and a 12 month high of $5.95. The firm has a market capitalization of $337.78 million, a PE ratio of -1.74 and a beta of 1.83.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $100.71 million for the quarter, compared to analyst estimates of $101.86 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. Equities analysts expect that Repay Holdings Corporation will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RPAY shares. Canaccord Genuity Group restated a “buy” rating and issued a $8.00 price target on shares of Repay in a report on Wednesday, August 19th. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. DA Davidson reiterated a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. Finally, UBS Group upped their target price on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.25.

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.