Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 7,201 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 7,201 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $5.90, for a total value of $42,485.90. Following the completion of the sale, the insider now owns 1,094,652 shares in the company, valued at approximately $6,458,446.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Wednesday, August 7th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were 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 stock was sold at an average price of $5.04, for a total transaction of $31,540.32.
• On Wednesday, July 10th, Sean Kiewiet sold 4,722 shares of Priority Technology stock. The shares were 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 shares were 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 shares were sold at an average price of $5.01, for a total transaction of $4,383.75.
• 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 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 transaction of $14,020.00.
• 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.

Priority Technology Stock Down 5.2 %

NASDAQ PRTH opened at $5.47 on Friday. The firm has a market cap of $437.96 million, a PE ratio of -9.43 and a beta of 0.97. The company has a 50 day moving average price of $5.32 and a 200 day moving average price of $4.19. Priority Technology Holdings, Inc. has a 52 week low of $2.62 and a 52 week high of $6.86.

Priority Technology (NASDAQ:PRTH) last released 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 for the quarter. Priority Technology had a negative return on equity of 9.60% and a net margin of 0.74%.

Hedge Funds Weigh In On Priority Technology

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake 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 worth $2,494,000 after acquiring an additional 156,044 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Priority Technology in the first quarter valued at $164,000. Panagora Asset Management Inc. raised its stake in shares of 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 buying an additional 7,812 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Priority Technology in the 1st quarter valued at about $91,000. Finally, Virtu Financial LLC purchased a new stake in shares of Priority Technology in the first quarter worth about $50,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Priority Technology from $4.50 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th.

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.