Monimus Capital Management LP Invests $2.16 Million in Repay Holdings Co. (NASDAQ:RPAY)

Monimus Capital Management LP acquired a new position in shares of Repay Holdings Co. (NASDAQ:RPAY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 282,675 shares of the company’s stock, valued at approximately $2,157,000. Repay accounts for about 2.0% of Monimus Capital Management LP’s portfolio, making the stock its 18th largest holding. Monimus Capital Management LP owned approximately 0.29% of Repay as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RPAY. Wellington Management Group LLP bought a new position in shares of Repay during the 3rd quarter worth about $37,197,000. Barclays PLC increased its position in shares of Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after purchasing an additional 1,427,078 shares in the last quarter. Bank of Montreal Can increased its position in shares of Repay by 8,811.5% during the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after purchasing an additional 1,286,917 shares in the last quarter. Private Management Group Inc. increased its position in shares of Repay by 71.6% during the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after purchasing an additional 726,058 shares in the last quarter. Finally, River Road Asset Management LLC increased its position in shares of Repay by 31.7% during the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock worth $19,006,000 after purchasing an additional 599,840 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

Repay Stock Up 2.3 %

Shares of NASDAQ:RPAY opened at $5.67 on Friday. Repay Holdings Co. has a one year low of $5.30 and a one year high of $11.27. The company has a 50 day moving average of $7.13 and a 200-day moving average of $7.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market cap of $552.76 million, a price-to-earnings ratio of -6.52 and a beta of 1.54.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RPAY. Stephens reiterated an “overweight” rating and set a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Canaccord Genuity Group dropped their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. BMO Capital Markets dropped their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Barclays lowered their price objective on shares of Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, UBS Group lowered their price objective on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Repay currently has an average rating of “Moderate Buy” and an average price target of $10.31.

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.