Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 4,300 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 4,300 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $5.30, for a total transaction of $22,790.00. Following the completion of the sale, the insider now owns 1,060,858 shares of the company’s stock, valued at approximately $5,622,547.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The stock was sold at an average price of $5.11, for a total value of $29,127.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The shares were sold at an average price of $6.00, for a total value 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 transaction 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 transaction 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 value of $50,200.00.

Priority Technology Stock Performance

Shares of Priority Technology stock traded up $0.58 on Tuesday, reaching $5.63. The stock had a trading volume of 89,893 shares, compared to its average volume of 49,090. Priority Technology Holdings, Inc. has a fifty-two week low of $2.79 and a fifty-two week high of $7.38. The business’s 50-day moving average price is $6.08 and its two-hundred day moving average price is $5.09. The stock has a market cap of $432.55 million, a P/E ratio of -8.66 and a beta of 1.01.

Priority Technology (NASDAQ:PRTH) last issued its quarterly 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 business had revenue of $219.87 million during the quarter.

Institutional Investors Weigh In On Priority Technology

Several hedge funds have recently modified their holdings of PRTH. Williams & Novak LLC bought a new stake in Priority Technology in the 2nd quarter valued at $77,000. Virtu Financial LLC bought a new stake in shares of Priority Technology in the first quarter valued at about $50,000. State Board of Administration of Florida Retirement System acquired a new stake in Priority Technology during the first quarter worth about $91,000. Renaissance Technologies LLC bought a new position in Priority Technology during the second quarter valued at about $202,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Priority Technology in the 1st quarter valued at approximately $164,000. 11.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

PRTH has been the topic of a number of recent research reports. 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. B. Riley boosted their price target on Priority Technology from $11.00 to $13.00 and gave the stock a “buy” rating in a research report 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.