PFG Investments LLC Invests $37,000 in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

PFG Investments LLC bought a new stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,209 shares of the company’s stock, valued at approximately $37,000.

Separately, Panagora Asset Management Inc. raised its stake in Priority Technology by 22.5% in the fourth quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock valued at $152,000 after buying an additional 7,812 shares during the period. Institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley raised their price target on Priority Technology from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.

Insider Activity at Priority Technology

In other news, insider Sean Kiewiet sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $3.30, for a total value of $33,000.00. Following the completion of the transaction, the insider now directly owns 1,351,853 shares in the company, valued at approximately $4,461,114.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 16,918 shares of company stock valued at $55,215 over the last quarter. 76.30% of the stock is owned by corporate insiders.

Priority Technology Stock Down 0.3 %

Shares of PRTH traded down $0.01 during mid-day trading on Friday, hitting $3.19. 16,964 shares of the company’s stock were exchanged, compared to its average volume of 25,535. The firm has a market cap of $241.77 million, a price-to-earnings ratio of -5.06 and a beta of 0.87. The stock’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $3.34. Priority Technology Holdings, Inc. has a 52 week low of $2.62 and a 52 week high of $5.03.

Priority Technology (NASDAQ:PRTH) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $199.28 million during the quarter, compared to analysts’ expectations of $204.19 million. Analysts forecast that Priority Technology Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

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.