BlackRock Updates Passive Stake in Repay Holdings (RPAY)
Ticker: RPAY · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1720592
| Field | Detail |
|---|---|
| Company | Repay Holdings Corp (RPAY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in Repay Holdings, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Repay Holdings Corporation's Common Stock as of December 31, 2023. This amendment, number 3, updates previous disclosures regarding BlackRock's passive investment in Repay Holdings. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in Repay Holdings, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive ownership as a sign of institutional presence, but this filing alone doesn't suggest a need for immediate action. Further analysis of BlackRock's specific stake percentage (not provided in this excerpt) would offer more insight.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, a major institutional investor
- Repay Holdings Corporation (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY: COMPANY DATA' section.
What is the subject company of this filing?
The subject company is Repay Holdings Corporation, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Repay Holdings Corp' and 'Repay Holdings Corporation (Name of Issuer)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Repay Holdings Corporation is 76029L100, as listed under '(CUSIP Number)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Repay Holdings Corp (RPAY).