Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 5,700 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $5.11, for a total transaction of $29,127.00. Following the completion of the transaction, the insider now directly owns 1,055,158 shares in the company, valued at approximately $5,391,857.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The shares were sold at an average price of $5.30, for a total transaction of $22,790.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The stock was sold at an average price of $6.00, for a total transaction of $26,898.00.
• On Tuesday, October 1st, Sean Kiewiet sold 11,664 shares of Priority Technology stock. The shares were sold at an average price of $6.61, for a total value of $77,099.04.
• On Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The stock was sold at an average price of $5.41, for a total value of $26,801.14.
• On Tuesday, September 3rd, Sean Kiewiet sold 7,201 shares of Priority Technology stock. The stock was sold at an average price of $5.90, for a total value of $42,485.90.
• 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 transaction of $50,200.00.

Priority Technology Price Performance

Shares of PRTH opened at $5.63 on Wednesday. The firm has a 50-day simple moving average of $6.08 and a two-hundred day simple moving average of $5.09. The stock has a market cap of $432.55 million, a PE ratio of -8.66 and a beta of 1.01. Priority Technology Holdings, Inc. has a 1-year low of $2.79 and a 1-year high of $7.38.

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

Hedge Funds Weigh In On Priority Technology

Several hedge funds have recently bought and sold shares of PRTH. State Board of Administration of Florida Retirement System purchased a new stake in Priority Technology during the first quarter worth about $91,000. Vanguard Group Inc. grew its holdings in shares of Priority Technology by 25.7% in the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after purchasing an additional 156,044 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Priority Technology during the 1st quarter worth approximately $164,000. Virtu Financial LLC acquired a new stake in Priority Technology during the 1st quarter worth approximately $50,000. Finally, Williams & Novak LLC purchased a new position in Priority Technology in the 2nd quarter valued at approximately $77,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

PRTH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Priority Technology from $4.50 to $5.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. B. Riley raised their target price on Priority Technology from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd.

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.