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Stephen W. Hipp Buys 26,000 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

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Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Rating) Director Stephen W. Hipp purchased 26,000 shares of Priority Technology stock in a transaction dated Friday, August 26th. The shares were bought at an average price of $3.99 per share, with a total value of $103,740.00. Following the completion of the transaction, the director now owns 109,145 shares in the company, valued at approximately $435,488.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Priority Technology Price Performance

PRTH stock traded up $0.06 during midday trading on Tuesday, hitting $4.04. The stock had a trading volume of 2,805 shares, compared to its average volume of 29,288. The firm has a market cap of $309.95 million, a PE ratio of -19.90 and a beta of 1.12. Priority Technology Holdings, Inc. has a 12-month low of $3.10 and a 12-month high of $7.85. The company's 50-day moving average price is $4.31 and its 200 day moving average price is $4.95.

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Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. B. Riley reissued a "buy" rating on shares of Priority Technology in a research note on Monday, May 9th. Alliance Global Partners lowered their target price on shares of Priority Technology to $13.00 in a research note on Tuesday, August 9th.

Institutional Trading of Priority Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Priority Technology in the 2nd quarter worth $60,000. State Street Corp lifted its holdings in Priority Technology by 30.3% in the 2nd quarter. State Street Corp now owns 173,198 shares of the company's stock worth $572,000 after buying an additional 40,312 shares in the last quarter. Millennium Management LLC acquired a new position in Priority Technology in the 2nd quarter worth $315,000. American International Group Inc. lifted its holdings in Priority Technology by 49.7% in the 2nd quarter. American International Group Inc. now owns 8,386 shares of the company's stock worth $28,000 after buying an additional 2,785 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Priority Technology by 45.0% in the 2nd quarter. Northern Trust Corp now owns 145,164 shares of the company's stock valued at $479,000 after purchasing an additional 45,017 shares in the last quarter. 12.44% of the stock is owned by hedge funds and other 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

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