Jump Financial LLC Invests $506,000 in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Jump Financial LLC purchased a new stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 43,106 shares of the company's stock, valued at approximately $506,000. Jump Financial LLC owned 0.06% of Priority Technology as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. bought a new stake in shares of Priority Technology during the fourth quarter valued at about $4,883,000. Geode Capital Management LLC increased its position in shares of Priority Technology by 5.8% during the third quarter. Geode Capital Management LLC now owns 396,335 shares of the company's stock valued at $2,707,000 after buying an additional 21,598 shares during the period. Renaissance Technologies LLC increased its position in shares of Priority Technology by 405.6% during the fourth quarter. Renaissance Technologies LLC now owns 242,200 shares of the company's stock valued at $2,846,000 after buying an additional 194,300 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Priority Technology during the fourth quarter worth about $2,471,000. Finally, Walleye Capital LLC purchased a new stake in Priority Technology in the fourth quarter valued at approximately $1,977,000. 11.52% of the stock is currently owned by institutional investors.

Priority Technology Price Performance

NASDAQ PRTH traded down $0.11 on Wednesday, reaching $7.26. 352,558 shares of the company's stock traded hands, compared to its average volume of 285,861. Priority Technology Holdings, Inc. has a 12 month low of $3.07 and a 12 month high of $12.47. The stock has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $8.57. The stock has a market cap of $577.31 million, a PE ratio of -17.29 and a beta of 1.20.

Wall Street Analysts Forecast Growth

PRTH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $12.00 target price (down from $14.00) on shares of Priority Technology in a research note on Friday, March 7th. TD Cowen upgraded shares of Priority Technology to a "strong-buy" rating in a research report on Tuesday, March 18th.

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.