Kings Path Partners LLC Has $642,000 Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

Kings Path Partners LLC increased its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 26.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,716 shares of the company’s stock after buying an additional 16,220 shares during the period. Kings Path Partners LLC owned 0.08% of Repay worth $642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RPAY. Squarepoint Ops LLC acquired a new position in Repay during the 2nd quarter worth about $142,000. ProShare Advisors LLC raised its holdings in Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares during the last quarter. Diversified Trust Co raised its holdings in Repay by 15.5% during the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after purchasing an additional 2,391 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Repay during the 2nd quarter worth about $190,000. Finally, Bleakley Financial Group LLC raised its holdings in Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after purchasing an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Analysts Set New Price Targets

RPAY has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price objective on shares of Repay in a report on Wednesday, July 3rd. Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Barclays lowered their price target on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday, September 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Repay in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Repay Price Performance

Shares of RPAY opened at $7.90 on Friday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $8.24 and a 200 day simple moving average of $9.45. Repay Holdings Co. has a 52-week low of $5.63 and a 52-week high of $11.27.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Repay news, EVP Jacob Hamilton Moore sold 51,694 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $8.00, for a total transaction of $413,552.00. Following the completion of the transaction, the executive vice president now owns 140,130 shares of the company’s stock, valued at $1,121,040. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 269,524 shares of company stock valued at $2,222,784 in the last quarter. 11.00% of the stock is currently owned by insiders.

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.