Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells 5,700 Shares of Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.11, for a total value of $29,127.00. Following the transaction, the insider now owns 1,055,158 shares of the company’s stock, valued at $5,391,857.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 value of $22,790.00.
• 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 transaction of $26,898.00.
• On Tuesday, October 1st, Sean Kiewiet sold 11,664 shares of Priority Technology stock. The stock was sold at an average price of $6.61, for a total transaction of $77,099.04.
• 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 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 value of $42,485.90.
• 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.

Priority Technology Price Performance

Shares of NASDAQ PRTH opened at $6.63 on Friday. Priority Technology Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $7.80. The firm has a 50-day simple moving average of $6.09 and a two-hundred day simple moving average of $5.10. The company has a market cap of $509.40 million, a P/E ratio of -10.25 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. The business 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%.

Institutional Trading of Priority Technology

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

Analyst Ratings Changes

Several research firms recently weighed in on PRTH. Keefe, Bruyette & Woods increased their price target on 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 increased their target price on shares of Priority Technology from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, September 23rd.

Priority Technology Company Profile

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.