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

Whetstone Capital Advisors LLC cut its position in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 71.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 764,673 shares of the company’s stock after selling 1,925,966 shares during the quarter. Repay makes up 0.8% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 24th largest position. Whetstone Capital Advisors LLC’s holdings in Repay were worth $3,212,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Baird Financial Group Inc. lifted its stake in shares of Repay by 100.0% during the second quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock valued at $210,000 after buying an additional 25,000 shares during the period. Corient Private Wealth LP acquired a new position in Repay in the 2nd quarter valued at $50,000. Bank of New York Mellon Corp acquired a new position in Repay in the 2nd quarter valued at $842,000. Caerus Investment Advisors LLC purchased a new position in shares of Repay during the 1st quarter worth $31,000. Finally, Essential Partners LLC lifted its stake in shares of Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after purchasing an additional 3,950 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RPAY shares. UBS Group lifted their price objective on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. DA Davidson reaffirmed a “buy” rating and set a $6.00 price objective on shares of Repay in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $8.00 price objective on shares of Repay in a report on Wednesday, August 19th. Three 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.25.

Repay Price Performance

RPAY stock opened at $3.55 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 1.60. Repay Holdings Corporation has a 52-week low of $2.30 and a 52-week high of $5.95. The stock’s 50 day moving average is $3.88 and its two-hundred day moving average is $3.49. The company has a market capitalization of $337.78 million, a PE ratio of -1.74 and a beta of 1.83.

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