94,700 Shares in Priority Technology Holdings, Inc. (NASDAQ:PRTH) Acquired by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 94,700 shares of the company's stock, valued at approximately $645,000. Investors Asset Management of Georgia Inc. GA ADV owned 0.12% of Priority Technology as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PRTH. Rhumbline Advisers lifted its holdings in Priority Technology by 9.0% in the fourth quarter. Rhumbline Advisers now owns 23,706 shares of the company's stock worth $279,000 after acquiring an additional 1,964 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Priority Technology by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 39,693 shares of the company's stock worth $466,000 after purchasing an additional 4,366 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Priority Technology by 384.4% in the 4th 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. Globeflex Capital L P acquired a new position in Priority Technology during the 4th quarter valued at approximately $186,000. Finally, Corient Private Wealth LLC bought a new position in Priority Technology during the 4th quarter worth $118,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Priority Technology Price Performance

PRTH stock traded up $0.94 on Friday, reaching $8.72. The company's stock had a trading volume of 546,905 shares, compared to its average volume of 374,811. Priority Technology Holdings, Inc. has a 52 week low of $4.13 and a 52 week high of $12.47. The company has a market capitalization of $695.42 million, a P/E ratio of -79.27 and a beta of 1.44. The firm has a fifty day moving average of $7.78 and a two-hundred day moving average of $8.62.

Priority Technology (NASDAQ:PRTH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.12. The company had revenue of $224.63 million during the quarter, compared to analyst estimates of $228.81 million. Priority Technology had a negative return on equity of 38.73% and a net margin of 3.01%. As a group, equities analysts expect that Priority Technology Holdings, Inc. will post -0.09 EPS for the current fiscal year.

Insider Activity at Priority Technology

In other news, General Counsel Bradley J. Miller sold 100,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $8.55, for a total value of $855,000.00. Following the sale, the general counsel owned 243,620 shares of the company's stock, valued at approximately $2,082,951. The trade was a 29.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marietta Davis sold 9,433 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $7.22, for a total value of $68,106.26. Following the completion of the sale, the director owned 75,136 shares of the company's stock, valued at approximately $542,481.92. This trade represents a 11.15% decrease in their position. The disclosure for this sale can be found here. Company insiders own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PRTH shares. TD Cowen upgraded Priority Technology to a "strong-buy" rating in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Priority Technology from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th.

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.