Virtu Financial LLC Takes Position in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Virtu Financial LLC acquired a new stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,385 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds have also recently made changes to their positions in PRTH. Rebalance LLC bought a new stake in Priority Technology in the 3rd quarter worth approximately $4,822,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Priority Technology in the 2nd quarter worth $301,000. Renaissance Technologies LLC bought a new stake in shares of Priority Technology in the second quarter worth $202,000. Geode Capital Management LLC increased its position in Priority Technology by 5.8% during the third quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock valued at $2,707,000 after acquiring an additional 21,598 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Priority Technology by 255.9% in the third quarter. Barclays PLC now owns 26,064 shares of the company’s stock valued at $178,000 after acquiring an additional 18,741 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

Priority Technology Stock Down 3.5 %

NASDAQ PRTH opened at $8.64 on Friday. Priority Technology Holdings, Inc. has a 52 week low of $2.82 and a 52 week high of $10.44. The company has a market capitalization of $666.99 million, a P/E ratio of -20.57 and a beta of 1.20. The stock’s 50-day moving average price is $7.74 and its 200-day moving average price is $6.23.

Analysts Set New Price Targets

PRTH has been the subject of several research reports. B. Riley upped their price target on shares of Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Lake Street Capital boosted their target price on shares of Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Priority Technology from $9.00 to $10.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd.

Insider Buying and Selling

In other news, insider Sean Kiewiet sold 21,286 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.68, for a total transaction of $206,048.48. Following the sale, the insider now directly owns 888,608 shares in the company, valued at $8,601,725.44. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 76,766 shares of company stock valued at $656,166. 76.30% of the stock is owned by corporate insiders.

Priority Technology Company 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.