13,385 Shares in Priority Technology Holdings, Inc. (NASDAQ:PRTH) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 13,385 shares of the company’s stock, valued at approximately $91,000.

A number of other institutional investors have also added to or reduced their stakes in PRTH. Renaissance Technologies LLC bought a new position in shares of Priority Technology during the second quarter worth $202,000. Pekin Hardy Strauss Inc. bought a new position in shares of Priority Technology during the 2nd quarter valued at about $301,000. Rebalance LLC purchased a new position in shares of Priority Technology during the third quarter valued at about $4,822,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Priority Technology in the third quarter worth about $112,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Priority Technology by 15.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock worth $386,000 after buying an additional 7,719 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

Priority Technology Price Performance

Shares of NASDAQ PRTH opened at $8.64 on Friday. Priority Technology Holdings, Inc. has a 1-year low of $2.82 and a 1-year high of $10.44. The business’s 50 day moving average is $7.74 and its two-hundred day moving average is $6.23. The stock has a market capitalization of $666.99 million, a P/E ratio of -20.57 and a beta of 1.20.

Insider Transactions at Priority Technology

In related news, insider Sean Kiewiet sold 5,700 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.11, for a total value of $29,127.00. Following the sale, the insider now directly owns 1,055,158 shares of the company’s stock, valued at $5,391,857.38. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 76,766 shares of company stock worth $656,166. 76.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PRTH. Keefe, Bruyette & Woods raised their price target on Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. B. Riley raised their target price on shares of Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Lake Street Capital upped their price target on shares of Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 22nd.

Priority Technology Profile

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.