Walleye Capital LLC Invests $1.98 Million in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Walleye Capital LLC bought a new position in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 168,272 shares of the company's stock, valued at approximately $1,977,000. Walleye Capital LLC owned approximately 0.22% of Priority Technology as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PRTH. Barclays PLC raised its position in shares of Priority Technology by 255.9% in the 3rd quarter. Barclays PLC now owns 26,064 shares of the company's stock valued at $178,000 after buying an additional 18,741 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Priority Technology by 384.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,515 shares of the company's stock worth $934,000 after purchasing an additional 63,100 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Priority Technology in the 4th quarter valued at $2,471,000. Rhumbline Advisers increased its stake in shares of Priority Technology by 9.0% in the 4th quarter. Rhumbline Advisers now owns 23,706 shares of the company's stock valued at $279,000 after purchasing an additional 1,964 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings 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 buying an additional 1,293 shares in the last quarter. Institutional investors own 11.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on PRTH shares. TD Cowen upgraded Priority Technology to a "strong-buy" rating in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $12.00 price objective (down from $14.00) on shares of Priority Technology in a research report on Friday, March 7th.

Priority Technology Stock Up 5.9 %

Priority Technology stock traded up $0.40 during trading hours on Wednesday, hitting $7.17. The stock had a trading volume of 451,659 shares, compared to its average volume of 277,925. The business's 50 day simple moving average is $8.15 and its 200-day simple moving average is $8.55. The stock has a market cap of $570.31 million, a price-to-earnings ratio of -17.08 and a beta of 1.20. Priority Technology Holdings, Inc. has a one year low of $3.06 and a one year high of $12.47.

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.