Two Sigma Investments LP Takes Position in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Two Sigma Investments LP acquired a new position in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 75,079 shares of the company's stock, valued at approximately $882,000. Two Sigma Investments LP owned approximately 0.10% of Priority Technology at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PRTH. SG Americas Securities LLC bought a new position in Priority Technology in the fourth quarter worth $100,000. Rhumbline Advisers grew its holdings in shares of Priority Technology by 9.0% during the fourth quarter. Rhumbline Advisers now owns 23,706 shares of the company's stock worth $279,000 after purchasing an additional 1,964 shares during the last quarter. Bank of New York Mellon Corp increased its position in 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 valued at $466,000 after acquiring an additional 4,366 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in 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. Finally, Globeflex Capital L P acquired a new position in shares of Priority Technology during the fourth quarter valued at $186,000. 11.52% of the stock is currently owned by institutional investors.

Insider Activity at Priority Technology

In other Priority Technology news, Director Marietta Davis sold 9,433 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $7.22, for a total value of $68,106.26. Following the completion of the transaction, the director now directly owns 75,136 shares of the company's stock, valued at approximately $542,481.92. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 66.20% of the stock is owned by corporate insiders.

Priority Technology Stock Performance

NASDAQ:PRTH traded up $0.07 during mid-day trading on Tuesday, hitting $8.54. The company had a trading volume of 238,183 shares, compared to its average volume of 326,333. Priority Technology Holdings, Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $12.47. The firm has a market cap of $681.09 million, a P/E ratio of -20.33 and a beta of 1.51. The business's fifty day moving average is $7.37 and its two-hundred day moving average is $8.79.

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 for the quarter, beating analysts' consensus estimates of $0.10 by $0.12. The business had revenue of $224.63 million for the quarter, compared to the consensus estimate of $228.81 million. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. Equities analysts forecast that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current year.

Analyst Ratings Changes

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

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.