Royce & Associates Discloses Stake in Repay Holdings Corp
Ticker: RPAY · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 1720592
| Field | Detail |
|---|---|
| Company | Repay Holdings Corp (RPAY) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, form-13g
TL;DR
**Royce & Associates just revealed a big stake in Repay Holdings, signaling institutional confidence.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an SC 13G on January 24, 2024, disclosing its beneficial ownership of Class A Common Stock in Repay Holdings Corp (CUSIP 76029L100) as of December 31, 2023. This filing indicates that Royce & Associates holds a significant stake, which could signal their confidence in Repay Holdings' future performance. For investors, this matters because a major institutional investor increasing or maintaining a position can be seen as a vote of confidence, potentially influencing stock price and market sentiment.
Why It Matters
This filing reveals a significant institutional investor's position in Repay Holdings, which can influence market perception and potentially signal future stock performance.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of beneficial ownership by an institutional investor and does not inherently present a direct risk to the company or its shareholders.
Analyst Insight
A smart investor would note Royce & Associates' position as a potential indicator of institutional interest in Repay Holdings, but would conduct further due diligence on the company's fundamentals and market conditions before making any investment decisions.
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Repay Holdings Corp (company) — the subject company whose securities are being reported
- New York (person) — place of organization for Royce & Associates, LP
- December 31, 2023 (person) — date of the event requiring the filing
- January 24, 2024 (person) — date the SC 13G filing was made
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing, like this one by Royce & Associates, LP, is an information statement filed pursuant to Rules 13d-1 and 13d-2 under the Securities Exchange Act of 1934. It's used by passive investors who own more than 5% of a company's stock to disclose their beneficial ownership.
Who is the reporting person in this specific SC 13G filing?
The reporting person in this filing is Royce & Associates, LP, with an S.S. or I.R.S. Identification No. of 52-2343049 and organized in New York.
Which company's securities are the subject of this filing?
The subject company is Repay Holdings Corporation, identified by the CUSIP Number 76029L100, and the securities are Class A Common Stock.
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 stated in the filing.
What is the business address of Repay Holdings Corp?
Repay Holdings Corp's business address is 3 West Paces Ferry Road, Suite 200, Atlanta, GA 30305, with a business phone of (404) 504-7474.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 by New York regarding Repay Holdings Corp (RPAY).