Yahoo Finance John Morris Is The CEO, Co-Founder & Director of Repay Holdings Corporation (NASDAQ:RPAY) And They Just Picked Up 8.3% More Shares
Those following along with Repay Holdings Corporation (NASDAQ:RPAY) will no doubt be intrigued by the recent purchase of shares by John Morris, CEO, Co-Founder & Director of the company, who spent a stonking US$1.0m on stock at an average price of US$11.25. While that only increased their holding size by 8.3%, it is still a big swing by our standards.
Check out our latest analysis for Repay Holdings
The Last 12 Months Of Insider Transactions At Repay Holdings
In fact, the recent purchase by John Morris was the biggest purchase of Repay Holdings shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of US$12.79. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 116.00k shares worth US$1.3m. On the other hand they divested 10.80k shares, for US$195k. In the last twelve months there was more buying than selling by Repay Holdings insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Repay Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Repay Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 4.6% of Repay Holdings shares, worth about US$58m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Repay Holdings Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Repay Holdings insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Repay Holdings has 2 warning signs we think you should be aware of.
But note: Repay Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
