Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Rating) Director Stephen W. Hipp bought 26,000 shares of the business's stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average price of $3.99 per share, with a total value of $103,740.00. Following the transaction, the director now directly owns 109,145 shares of the company's stock, valued at approximately $435,488.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Priority Technology Trading Up 1.5 %
Shares of PRTH stock traded up $0.06 on Tuesday, reaching $4.04. 2,805 shares of the company's stock were exchanged, compared to its average volume of 29,288. Priority Technology Holdings, Inc. has a 52 week low of $3.10 and a 52 week high of $7.85. The stock has a market capitalization of $309.95 million, a PE ratio of -19.90 and a beta of 1.12. The company's fifty day simple moving average is $4.31 and its 200 day simple moving average is $4.95.
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Analyst Upgrades and Downgrades
PRTH has been the subject of several research analyst reports. Alliance Global Partners cut their target price on Priority Technology to $13.00 in a research report on Tuesday, August 9th. B. Riley reiterated a "buy" rating on shares of Priority Technology in a research report on Monday, May 9th.
Institutional Investors Weigh In On Priority Technology
A number of institutional investors and hedge funds have recently modified their holdings of the business. Invenomic Capital Management LP increased its holdings in Priority Technology by 9.1% during the 4th quarter. Invenomic Capital Management LP now owns 268,907 shares of the company's stock worth $1,904,000 after purchasing an additional 22,416 shares during the period. Vanguard Group Inc. increased its holdings in shares of Priority Technology by 89.3% in the 1st quarter. Vanguard Group Inc. now owns 764,447 shares of the company's stock valued at $4,395,000 after acquiring an additional 360,626 shares during the period. State Street Corp increased its holdings in shares of Priority Technology by 3.6% in the 1st quarter. State Street Corp now owns 132,886 shares of the company's stock valued at $764,000 after acquiring an additional 4,648 shares during the period. Northern Trust Corp grew its stake in Priority Technology by 17.1% during the 1st quarter. Northern Trust Corp now owns 100,147 shares of the company's stock worth $575,000 after buying an additional 14,589 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Priority Technology in the 2nd quarter valued at about $315,000. 12.44% of the stock is owned by institutional investors.
Priority Technology Company Profile
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Priority Technology Holdings, Inc operates as a payment technology company in the United States. It operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business Payments, and Enterprise Payments. The company offers MX product line, including 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 as our leverage point.
Further Reading
- Get a free copy of the StockNews.com research report on Priority Technology (PRTH)
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