Baader Bank Aktiengesellschaft Makes New $237,000 Investment in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 buying an additional 18,741 shares in the last quarter. Rebalance LLC acquired a new position in Priority Technology during the third quarter valued at approximately $4,822,000. Jane Street Group LLC increased its position 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 worth $153,000 after purchasing an additional 1,293 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Priority Technology by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock worth $2,707,000 after purchasing an additional 21,598 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Priority Technology by 15.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock valued at $386,000 after buying an additional 7,719 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Priority Technology Price Performance

PRTH stock opened at $9.60 on Friday. Priority Technology Holdings, Inc. has a one year low of $2.82 and a one year high of $12.44. The stock has a market cap of $741.10 million, a price-to-earnings ratio of -22.86 and a beta of 1.17. The company has a fifty day moving average price of $9.84 and a two-hundred day moving average price of $7.36.

Priority Technology (NASDAQ:PRTH) last announced its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.12. The business had revenue of $227.05 million during the quarter, compared to the consensus estimate of $221.15 million. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. During the same quarter in the previous year, the firm posted ($0.16) EPS. Research analysts anticipate that Priority Technology Holdings, Inc. will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Priority Technology news, CEO Thomas Charles Priore sold 294,167 shares of Priority Technology stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $7.44, for a total value of $2,188,602.48. Following the completion of the sale, the chief executive officer now owns 34,025,319 shares in the company, valued at $253,148,373.36. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Ranjana Ram sold 18,385 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $7.44, for a total transaction of $136,784.40. Following the completion of the sale, the chief operating officer now directly owns 693,004 shares of the company’s stock, valued at $5,155,949.76. This represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,349,346 shares of company stock valued at $40,448,583. Insiders own 76.30% of the company’s stock.

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.