Baader Bank Aktiengesellschaft Takes Position in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Baader Bank Aktiengesellschaft acquired a new position in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,200 shares of the company’s stock, valued at approximately $237,000.

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

Insiders Place Their Bets

In related news, CEO Thomas Charles Priore sold 294,167 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $7.44, for a total transaction of $2,188,602.48. Following the transaction, the chief executive officer now directly owns 34,025,319 shares of the company’s stock, valued at approximately $253,148,373.36. This represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Vito Priore sold 1,242,856 shares of the firm’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 directly owns 4,071,574 shares of the company’s stock, valued at $30,292,510.56. This trade represents a 23.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,349,346 shares of company stock worth $40,448,583. Corporate insiders own 76.30% of the company’s stock.

Priority Technology Stock Up 0.1 %

PRTH stock opened at $9.60 on Friday. The firm has a market cap of $741.10 million, a price-to-earnings ratio of -22.86 and a beta of 1.17. The company’s fifty day simple moving average is $9.84 and its 200 day simple moving average is $7.36. Priority Technology Holdings, Inc. has a 12-month low of $2.82 and a 12-month high of $12.44.

Priority Technology (NASDAQ:PRTH) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. Priority Technology had a negative return on equity of 15.86% and a net margin of 1.96%. The company had revenue of $227.05 million for the quarter, compared to the consensus estimate of $221.15 million. During the same period in the previous year, the business earned ($0.16) EPS. Research analysts expect that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. B. Riley upped their target price on Priority Technology from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Priority Technology from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $10.00 to $14.00 in a research note on Thursday, January 16th. Finally, Lake Street Capital lifted their price objective on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd.

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.