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

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 5,700 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.11, for a total transaction of $29,127.00. Following the sale, the insider now directly owns 1,055,158 shares in the company, valued at $5,391,857.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The stock was 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 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 shares were 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 shares were 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 shares were sold at an average price of $5.02, for a total transaction of $50,200.00.

Priority Technology Trading Up 17.9 %

NASDAQ PRTH opened at $6.64 on Thursday. The company has a fifty day simple moving average of $6.09 and a 200 day simple moving average of $5.10. The company has a market cap of $510.16 million, a P/E ratio of -10.22 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. The firm 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PRTH shares. Keefe, Bruyette & Woods raised their price objective on shares of Priority Technology from $4.50 to $5.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. B. Riley boosted their price objective on shares of Priority Technology from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, September 23rd.

Institutional Investors Weigh In On Priority Technology

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew 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 acquiring an additional 156,044 shares during the last quarter. Rebalance LLC bought a new position in shares of Priority Technology in the 3rd quarter valued at about $4,822,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Priority Technology in the 1st quarter valued at approximately $164,000. Renaissance Technologies LLC acquired a new stake in shares of Priority Technology in the 2nd quarter valued at approximately $202,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Priority Technology during the 1st quarter worth approximately $91,000. Institutional investors and hedge funds 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.