Pekin Hardy Strauss Inc. Purchases 9,675 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Pekin Hardy Strauss Inc. grew its position in Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 17.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 66,675 shares of the company’s stock after buying an additional 9,675 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Priority Technology were worth $455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Priority Technology by 25.7% in the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock worth $2,494,000 after purchasing an additional 156,044 shares during the period. Rebalance LLC bought a new position in shares of Priority Technology in the 3rd quarter valued at about $4,822,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Priority Technology by 15.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock valued at $386,000 after purchasing an additional 7,719 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Priority Technology during the 1st quarter worth approximately $164,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Priority Technology during the 2nd quarter valued at $202,000. Institutional investors own 11.52% of the company’s stock.

Priority Technology Stock Down 4.0 %

Shares of PRTH stock opened at $8.02 on Monday. Priority Technology Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $9.25. The firm’s 50-day moving average is $6.63 and its 200-day moving average is $5.52.

Insider Buying and Selling at Priority Technology

In related news, CAO Rajiv Kumar sold 10,000 shares of Priority Technology stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $6.13, for a total value of $61,300.00. Following the transaction, the chief accounting officer now directly owns 11,587 shares of the company’s stock, valued at $71,028.31. This trade represents a 46.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sean Kiewiet sold 11,664 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $6.61, for a total value of $77,099.04. Following the sale, the insider now owns 1,073,494 shares of the company’s stock, valued at $7,095,795.34. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,302 shares of company stock worth $286,501 over the last 90 days. Company insiders own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

PRTH has been the subject of a number of recent analyst reports. B. Riley upped their price target on Priority Technology from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods upped their target price on shares of Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Lake Street Capital lifted their price target on shares of Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research 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.