Forager Fund Increases Stake in Repay Holdings to 11.9% with $4.3M in Recent Purchases
Summary
Forager Fund, a 10% owner, has increased its beneficial ownership in Repay Holdings Corp to 11.9% through recent open market purchases totaling approximately $4.3 million, with some buys occurring after the KUBRA acquisition announcement.
Key Events
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Increased Ownership Stake
Forager Fund's beneficial ownership in Repay Holdings Corp has risen to 11.9% of Class A Common Stock.
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Significant Recent Purchases
The fund made open market purchases totaling approximately $4.3 million between March 25 and April 2, 2026.
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Post-Acquisition Confidence
Some of these purchases occurred after Repay Holdings announced its acquisition of KUBRA, indicating potential confidence in the strategic move.
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Total Stake Value
The aggregate beneficial ownership of 10,192,937 shares was acquired for a total of $34,723,158.43.
Analysis
This Schedule 13D/A reveals that Forager Fund, a significant institutional investor, substantially increased its stake in Repay Holdings Corp, accumulating over $4.3 million worth of shares in the open market between March 25 and April 2, 2026. The purchases, which bring their total beneficial ownership to 11.9%, are particularly notable as some occurred after the company announced its strategic acquisition of KUBRA, suggesting a vote of confidence from a major shareholder in the company's direction and recent M&A activity. However, investors should be aware that a separate Form 4 filed on the same day (April 3) indicates that Forager Fund subsequently disposed of $2.4 million worth of shares, suggesting a potential rebalancing or partial profit-taking after this accumulation period.
At the time of this filing, RPAY was trading at $2.58 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $212M. The 52-week trading range was $2.40 to $6.06. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.