Aequim Alternative Investments LP Grows Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Aequim Alternative Investments LP raised its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 640.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 578,484 shares of the company’s stock after acquiring an additional 500,384 shares during the quarter. Aequim Alternative Investments LP owned approximately 0.59% of Repay worth $4,720,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RPAY. Blue Trust Inc. raised its stake in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,771 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Repay during the third quarter worth about $59,000. Point72 DIFC Ltd purchased a new stake in shares of Repay in the 3rd quarter valued at about $99,000. Entropy Technologies LP acquired a new stake in shares of Repay in the 3rd quarter valued at about $109,000. Finally, Creative Planning purchased a new position in Repay during the 3rd quarter worth approximately $115,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Stock Up 0.9 %

RPAY stock opened at $8.05 on Tuesday. Repay Holdings Co. has a one year low of $7.04 and a one year high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a fifty day moving average of $8.02 and a 200-day moving average of $8.83. The stock has a market capitalization of $785.95 million, a PE ratio of -9.25 and a beta of 1.42.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, analysts expect that Repay Holdings Co. will post 0.72 EPS for the current year.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 51,694 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.00, for a total transaction of $413,552.00. Following the sale, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,121,040. The trade was a 26.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RPAY. Barclays decreased their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Repay presently has an average rating of “Moderate Buy” and a consensus price target of $12.83.

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.