Rhumbline Advisers Has $279,000 Stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Rhumbline Advisers grew its position in Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,706 shares of the company’s stock after buying an additional 1,964 shares during the quarter. Rhumbline Advisers’ holdings in Priority Technology were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Priority Technology in the 3rd quarter valued at approximately $91,000. SG Americas Securities LLC bought a new position in shares of Priority Technology during the 4th quarter worth approximately $100,000. BNP Paribas Financial Markets raised its holdings in shares of Priority Technology by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock valued at $109,000 after purchasing an additional 6,096 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Priority Technology in the third quarter worth $112,000. Finally, Jane Street Group LLC boosted its holdings in Priority Technology by 6.1% during the third quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock worth $153,000 after purchasing an additional 1,293 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Priority Technology

In other Priority Technology news, insider Sean Kiewiet sold 170,596 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $10.60, for a total transaction of $1,808,317.60. Following the transaction, the insider now owns 711,853 shares of the company’s stock, valued at $7,545,641.80. The trade was a 19.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Vito Priore sold 3,454,575 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $7.44, for a total value of $25,702,038.00. Following the completion of the sale, the director now owns 5,314,430 shares in the company, valued at $39,539,359.20. This represents a 39.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,293,227 shares of company stock worth $39,921,204 over the last quarter. 76.30% of the stock is currently owned by insiders.

Priority Technology Trading Down 1.2 %

NASDAQ:PRTH opened at $7.66 on Monday. The stock has a market capitalization of $591.34 million, a PE ratio of -18.24 and a beta of 0.99. Priority Technology Holdings, Inc. has a 1-year low of $2.82 and a 1-year high of $12.47. The firm has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $8.34.

Analysts Set New Price Targets

PRTH has been the topic of several recent research reports. Lake Street Capital lifted 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. B. Riley raised their price objective on Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $12.00 target price (down previously from $14.00) on shares of Priority Technology in a report on Friday.

About Priority Technology

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.