Sean Kiewiet Sells 2,804 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 2,804 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $5.00, for a total value of $14,020.00. Following the completion of the transaction, the insider now owns 1,193,516 shares of the company’s stock, valued at $5,967,580. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Sean Kiewiet also recently made the following trade(s):

• On Wednesday, July 3rd, Sean Kiewiet sold 1,365 shares of Priority Technology stock. The shares were sold at an average price of $5.00, for a total transaction of $6,825.00.
• On Friday, June 28th, Sean Kiewiet sold 28,501 shares of Priority Technology stock. The shares were sold at an average price of $5.18, for a total transaction of $147,635.18.
• On Monday, June 3rd, Sean Kiewiet sold 7,980 shares of Priority Technology stock. The shares were sold at an average price of $4.59, for a total transaction of $36,628.20.
• On Wednesday, May 29th, Sean Kiewiet sold 5,080 shares of Priority Technology stock. The shares were sold at an average price of $5.03, for a total transaction of $25,552.40.
• On Friday, May 24th, Sean Kiewiet sold 9,852 shares of Priority Technology stock. The shares were sold at an average price of $4.51, for a total transaction of $44,432.52.
• On Wednesday, May 22nd, Sean Kiewiet sold 9,875 shares of Priority Technology stock. The shares were sold at an average price of $3.45, for a total transaction of $34,068.75.
• On Monday, May 20th, Sean Kiewiet sold 21,100 shares of Priority Technology stock. The shares were sold at an average price of $3.48, for a total transaction of $73,428.00.
• On Thursday, May 16th, Sean Kiewiet sold 8,061 shares of Priority Technology stock. The shares were sold at an average price of $3.46, for a total transaction of $27,891.06.
• On Tuesday, May 14th, Sean Kiewiet sold 6,001 shares of Priority Technology stock. The stock was sold at an average price of $3.54, for a total transaction of $21,243.54.
• On Wednesday, May 1st, Sean Kiewiet sold 1,305 shares of Priority Technology stock. The stock was sold at an average price of $3.18, for a total transaction of $4,149.90.

Priority Technology Trading Up 1.4 %

Shares of Priority Technology stock opened at $5.02 on Friday. The company has a fifty day moving average price of $4.13 and a 200 day moving average price of $3.62. Priority Technology Holdings, Inc. has a twelve month low of $2.62 and a twelve month high of $5.39. The stock has a market cap of $401.95 million, a price-to-earnings ratio of -8.66 and a beta of 0.97.

Priority Technology (NASDAQ:PRTH) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Priority Technology had a net margin of 0.57% and a negative return on equity of 3.11%. The firm had revenue of $205.72 million for the quarter, compared to analyst estimates of $209.08 million. During the same quarter in the previous year, the business posted ($0.15) EPS.

Hedge Funds Weigh In On Priority Technology

Institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new position in Priority Technology in the 1st quarter worth $37,000. Virtu Financial LLC acquired a new position in Priority Technology in the 1st quarter worth $50,000. State Board of Administration of Florida Retirement System acquired a new position in Priority Technology in the 1st quarter worth $91,000. Panagora Asset Management Inc. lifted its holdings in Priority Technology by 22.5% in the 4th quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock worth $152,000 after buying an additional 7,812 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Priority Technology in the 1st quarter worth $164,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley upped their price target on shares of Priority Technology from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th.

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.