Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells 7,201 Shares of Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 7,201 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $5.90, for a total value of $42,485.90. Following the completion of the transaction, the insider now owns 1,094,652 shares of the company’s stock, valued at $6,458,446.80. 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 Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The shares were sold at an average price of $5.41, for a total value of $26,801.14.
• On Wednesday, August 7th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The stock was sold at an average price of $5.02, for a total value of $50,200.00.
• On Friday, July 12th, Sean Kiewiet sold 6,258 shares of Priority Technology stock. The shares were sold at an average price of $5.04, for a total value of $31,540.32.
• On Wednesday, July 10th, Sean Kiewiet sold 4,722 shares of Priority Technology stock. The stock was sold at an average price of $5.08, for a total transaction of $23,987.76.
• On Monday, July 8th, Sean Kiewiet sold 7,519 shares of Priority Technology stock. The stock was sold at an average price of $5.05, for a total transaction of $37,970.95.
• On Friday, July 5th, Sean Kiewiet sold 875 shares of Priority Technology stock. The stock was sold at an average price of $5.01, for a total value of $4,383.75.
• On Wednesday, July 3rd, Sean Kiewiet sold 1,365 shares of Priority Technology stock. The stock was sold at an average price of $5.00, for a total value of $6,825.00.
• On Monday, July 1st, Sean Kiewiet sold 2,804 shares of Priority Technology stock. The shares were sold at an average price of $5.00, for a total value of $14,020.00.
• On Friday, June 28th, Sean Kiewiet sold 28,501 shares of Priority Technology stock. The stock was sold at an average price of $5.18, for a total value of $147,635.18.

Priority Technology Trading Down 5.7 %

Shares of Priority Technology stock opened at $5.16 on Friday. Priority Technology Holdings, Inc. has a twelve month low of $2.62 and a twelve month high of $6.86. The stock has a market cap of $413.14 million, a price-to-earnings ratio of -8.90 and a beta of 0.97. The company has a fifty day moving average price of $5.32 and a 200 day moving average price of $4.21.

Priority Technology (NASDAQ:PRTH) last issued its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $219.87 million during the quarter. Priority Technology had a negative return on equity of 9.60% and a net margin of 0.74%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price target on shares of Priority Technology from $4.50 to $5.00 and gave the company a “market perform” rating in a report on Friday, August 9th.

Institutional Trading of Priority Technology

A number of hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. grew its holdings in Priority Technology by 22.5% during the 4th quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock valued at $152,000 after purchasing an additional 7,812 shares in the last quarter. Williams & Novak LLC purchased a new stake in shares of Priority Technology during the second quarter worth about $77,000. Virtu Financial LLC purchased a new stake in Priority Technology during the 1st quarter worth approximately $50,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Priority Technology during the 1st quarter valued at approximately $91,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Priority Technology during the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.