Pacific Ridge Capital Partners LLC Invests $3.23 Million in Repay Holdings Corporation $RPAY

Pacific Ridge Capital Partners LLC bought a new position in shares of Repay Holdings Corporation (NASDAQ:RPAY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 617,474 shares of the company’s stock, valued at approximately $3,229,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Repay by 45.5% in the second quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock valued at $31,043,000 after purchasing an additional 2,013,128 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of Repay by 57.3% in the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after buying an additional 1,520,432 shares in the last quarter. Kent Lake PR LLC purchased a new position in shares of Repay in the 2nd quarter valued at $7,230,000. AQR Capital Management LLC grew its position in shares of Repay by 2,421.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company’s stock valued at $6,963,000 after buying an additional 1,387,260 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Repay by 773.6% during the 2nd quarter. Jane Street Group LLC now owns 838,492 shares of the company’s stock worth $4,042,000 after acquiring an additional 742,513 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RPAY has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Repay from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 target price on shares of Repay in a report on Tuesday, November 11th. DA Davidson reissued a “buy” rating and issued a $10.00 target price on shares of Repay in a research report on Tuesday, November 11th. Benchmark restated a “buy” rating on shares of Repay in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Repay currently has an average rating of “Hold” and a consensus target price of $6.92.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $2.99 on Thursday. Repay Holdings Corporation has a one year low of $2.80 and a one year high of $7.38. The stock has a market capitalization of $273.14 million, a price-to-earnings ratio of -2.18 and a beta of 1.61. The company has a 50-day simple moving average of $3.48 and a 200-day simple moving average of $4.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81.

Repay Company 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.