Corient Private Wealth LLC Invests $118,000 in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Corient Private Wealth LLC acquired a new stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,000 shares of the company’s stock, valued at approximately $118,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PRTH. Barclays PLC lifted its position in Priority Technology by 255.9% during the 3rd quarter. Barclays PLC now owns 26,064 shares of the company’s stock worth $178,000 after acquiring an additional 18,741 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Priority Technology by 384.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,515 shares of the company’s stock worth $934,000 after purchasing an additional 63,100 shares during the last quarter. Rhumbline Advisers boosted its stake in Priority Technology by 9.0% during the 4th quarter. Rhumbline Advisers now owns 23,706 shares of the company’s stock valued at $279,000 after purchasing an additional 1,964 shares during the period. Jane Street Group LLC grew its holdings in Priority Technology by 6.1% in the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock valued at $153,000 after buying an additional 1,293 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Priority Technology by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock worth $2,707,000 after buying an additional 21,598 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Priority Technology Trading Down 0.9 %

Shares of PRTH stock opened at $7.30 on Thursday. Priority Technology Holdings, Inc. has a 12 month low of $2.82 and a 12 month high of $12.47. The company has a market capitalization of $580.49 million, a P/E ratio of -17.38 and a beta of 0.99. The stock has a 50 day moving average of $9.23 and a two-hundred day moving average of $8.55.

Analyst Ratings Changes

PRTH has been the subject of several research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $12.00 price objective (down from $14.00) on shares of Priority Technology in a research report on Friday, March 7th. TD Cowen raised shares of Priority Technology to a “strong-buy” rating in a report on Tuesday, March 18th.

Insider Activity at Priority Technology

In other Priority Technology news, CEO Thomas Charles Priore sold 105,833 shares of Priority Technology stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total transaction of $787,397.52. Following the sale, the chief executive officer now directly owns 33,919,486 shares of the company’s stock, valued at approximately $252,360,975.84. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Vito Priore sold 1,242,856 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $7.44, for a total value of $9,246,848.64. Following the completion of the sale, the director now owns 4,071,574 shares in the company, valued at approximately $30,292,510.56. This represents a 23.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,122,431 shares of company stock worth $38,110,887. 76.30% of the stock is owned by corporate insiders.

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.