Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Free Report) CEO Thomas Charles Priore sold 16,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $5.08, for a total value of $81,280.00. Following the completion of the transaction, the chief executive officer now directly owns 34,301,608 shares in the company, valued at $174,252,168.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Thomas Charles Priore also recently made the following trade(s):
- On Wednesday, August 21st, Thomas Charles Priore sold 196 shares of Priority Technology stock. The stock was sold at an average price of $5.00, for a total transaction of $980.00.
Priority Technology Price Performance
Shares of NASDAQ:PRTH opened at $5.13 on Friday. The firm has a market capitalization of $394.14 million, a price-to-earnings ratio of -8.84 and a beta of 0.97. The business’s 50 day moving average price is $5.11 and its 200-day moving average price is $4.03. Priority Technology Holdings, Inc. has a 1 year low of $2.62 and a 1 year high of $6.86.
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Hedge Funds Weigh In On Priority Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC acquired a new position in shares of Priority Technology during the 1st quarter worth about $37,000. Virtu Financial LLC purchased a new stake in Priority Technology during the 1st quarter worth approximately $50,000. Williams & Novak LLC purchased a new stake in Priority Technology during the 2nd quarter worth approximately $77,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Priority Technology during the first quarter valued at approximately $91,000. Finally, Panagora Asset Management Inc. lifted its position in shares of Priority Technology by 22.5% in the fourth quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock valued at $152,000 after acquiring an additional 7,812 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.
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.
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