Pacific Ridge Capital Partners LLC Purchases 471,767 Shares of Repay Holdings Corporation $RPAY

Pacific Ridge Capital Partners LLC lifted its position in Repay Holdings Corporation (NASDAQ:RPAY) by 76.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,089,241 shares of the company’s stock after acquiring an additional 471,767 shares during the period. Pacific Ridge Capital Partners LLC owned 1.19% of Repay worth $3,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RPAY. Quarry LP purchased a new stake in Repay in the third quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings in Repay by 224.4% in the second 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. Captrust Financial Advisors purchased a new stake in shares of Repay during the second quarter valued at approximately $62,000. Tower Research Capital LLC TRC raised its holdings in Repay by 138.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,333 shares of the company’s stock worth $69,000 after acquiring an additional 8,331 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in Repay in the 3rd quarter valued at approximately $78,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Benchmark decreased their price objective on shares of Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. UBS Group upped their price objective on Repay from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Thursday. Canaccord Genuity Group dropped their target price on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. DA Davidson reiterated a “buy” rating and issued a $8.00 price objective on shares of Repay in a research note on Tuesday, May 5th. Finally, Morgan Stanley reduced their price objective on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.36.

Repay Trading Down 5.4%

RPAY stock opened at $3.35 on Tuesday. Repay Holdings Corporation has a twelve month low of $2.30 and a twelve month high of $6.05. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The firm’s fifty day simple moving average is $3.12 and its two-hundred day simple moving average is $3.43. The stock has a market capitalization of $318.12 million, a price-to-earnings ratio of -1.09 and a beta of 1.88.

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

Repay Profile

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.