Priority Technology Holdings, Inc. (NASDAQ:PRTH) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) by 384.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,515 shares of the company's stock after purchasing an additional 63,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Priority Technology worth $934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PRTH. SG Americas Securities LLC purchased a new stake in shares of Priority Technology in the 4th quarter valued at approximately $100,000. Virtu Financial LLC acquired a new position in Priority Technology during the third quarter worth $91,000. BNP Paribas Financial Markets boosted its position 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 during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Priority Technology in the fourth quarter valued at $237,000. Finally, Jane Street Group LLC lifted its stake in 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 acquiring an additional 1,293 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Priority Technology Price Performance

Shares of PRTH stock traded up $0.16 during trading hours on Monday, reaching $8.05. 543,639 shares of the stock were exchanged, compared to its average volume of 239,193. The business's fifty day moving average is $9.50 and its two-hundred day moving average is $8.48. The firm has a market capitalization of $640.13 million, a P/E ratio of -19.17 and a beta of 0.99. Priority Technology Holdings, Inc. has a 12-month low of $2.82 and a 12-month high of $12.47.

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Insider Buying and Selling at Priority Technology

In other news, CEO Thomas Charles Priore sold 105,833 shares of the business'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 transaction of $787,397.52. Following the completion of the sale, the chief executive officer now owns 33,919,486 shares in the company, valued at approximately $252,360,975.84. The trade was a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Ranjana Ram sold 6,615 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $7.44, for a total transaction of $49,215.60. Following the completion of the transaction, the chief operating officer now directly owns 686,389 shares in the company, valued at $5,106,734.16. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,293,027 shares of company stock valued at $39,919,204. Insiders own 76.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $12.00 price target (down from $14.00) on shares of Priority Technology in a research note on Friday, March 7th. B. Riley increased their target price on shares of Priority Technology from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, TD Cowen upgraded shares of Priority Technology to a "strong-buy" rating in a research note on Tuesday, March 18th.

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.