Pekin Hardy Strauss Inc. Has $455,000 Stock Position in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Pekin Hardy Strauss Inc. raised its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,675 shares of the company’s stock after buying an additional 9,675 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.09% of Priority Technology worth $455,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Priority Technology by 25.7% during the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock worth $2,494,000 after acquiring an additional 156,044 shares during the period. Rebalance LLC acquired a new position in shares of Priority Technology during the third quarter valued at about $4,822,000. Charles Schwab Investment Management Inc. lifted 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 during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Priority Technology during the first quarter worth about $164,000. Finally, Renaissance Technologies LLC acquired a new stake in Priority Technology during the second quarter worth about $202,000. 11.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Priority Technology Trading Down 4.0 %

PRTH stock opened at $8.02 on Monday. Priority Technology Holdings, Inc. has a 1-year low of $2.79 and a 1-year high of $9.25. The business’s 50 day moving average is $6.63 and its 200-day moving average is $5.52.

Insider Activity at Priority Technology

In related news, insider Sean Kiewiet sold 5,700 shares of Priority Technology stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.11, for a total transaction of $29,127.00. Following the completion of the transaction, the insider now directly owns 1,055,158 shares of the company’s stock, valued at $5,391,857.38. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rajiv Kumar sold 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.13, for a total transaction of $61,300.00. Following the completion of the transaction, the chief accounting officer now owns 11,587 shares in the company, valued at approximately $71,028.31. This trade represents a 46.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,302 shares of company stock valued at $286,501 in the last 90 days. 76.30% of the stock is owned by corporate insiders.

Priority Technology 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.