Priority Technology Holdings, Inc. (NASDAQ:PRTH) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,347 shares of the company’s stock after purchasing an additional 1,293 shares during the quarter. Jane Street Group LLC’s holdings in Priority Technology were worth $153,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in Priority Technology by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock worth $109,000 after purchasing an additional 6,096 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Priority Technology by 15.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock worth $386,000 after purchasing an additional 7,719 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in Priority Technology by 17.0% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 66,675 shares of the company’s stock worth $455,000 after purchasing an additional 9,675 shares during the period. Corsair Capital Management L.P. increased its holdings in shares of Priority Technology by 10.5% in the 3rd quarter. Corsair Capital Management L.P. now owns 105,458 shares of the company’s stock valued at $720,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Priority Technology in the 3rd quarter valued at about $112,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Insider Activity at Priority Technology

In related news, insider Sean Kiewiet sold 5,700 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $5.11, for a total value of $29,127.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 231,215 shares of company stock valued at $2,360,486 in the last three months. 76.30% of the stock is currently owned by company insiders.

Priority Technology Stock Down 11.8 %

Shares of NASDAQ PRTH opened at $9.44 on Tuesday. The stock has a market cap of $728.75 million, a PE ratio of -22.48 and a beta of 1.17. Priority Technology Holdings, Inc. has a 52-week low of $2.82 and a 52-week high of $12.44. The business has a 50-day moving average price of $9.51 and a 200 day moving average price of $7.03.

Analyst Upgrades and Downgrades

PRTH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Lake Street Capital increased their price objective on Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, B. Riley increased 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.

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.