Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $147,635.18 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 28,501 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $5.18, for a total value of $147,635.18. Following the transaction, the insider now directly owns 1,196,320 shares of the company’s stock, valued at approximately $6,196,937.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 3rd, Sean Kiewiet sold 1,365 shares of Priority Technology stock. The stock was sold at an average price of $5.00, for a total value of $6,825.00.
• On Monday, July 1st, Sean Kiewiet sold 2,804 shares of Priority Technology stock. The stock was sold at an average price of $5.00, for a total value of $14,020.00.
• On Monday, June 3rd, Sean Kiewiet sold 7,980 shares of Priority Technology stock. The stock was sold at an average price of $4.59, for a total value of $36,628.20.
• On Wednesday, May 29th, Sean Kiewiet sold 5,080 shares of Priority Technology stock. The stock was sold at an average price of $5.03, for a total value of $25,552.40.
• On Friday, May 24th, Sean Kiewiet sold 9,852 shares of Priority Technology stock. The stock was sold at an average price of $4.51, for a total value of $44,432.52.
• On Wednesday, May 22nd, Sean Kiewiet sold 9,875 shares of Priority Technology stock. The stock was sold at an average price of $3.45, for a total value of $34,068.75.
• On Monday, May 20th, Sean Kiewiet sold 21,100 shares of Priority Technology stock. The stock was sold at an average price of $3.48, for a total value of $73,428.00.
• On Thursday, May 16th, Sean Kiewiet sold 8,061 shares of Priority Technology stock. The stock was sold at an average price of $3.46, for a total value of $27,891.06.
• On Tuesday, May 14th, Sean Kiewiet sold 6,001 shares of Priority Technology stock. The stock was sold at an average price of $3.54, for a total value of $21,243.54.
• On Wednesday, May 1st, Sean Kiewiet sold 1,305 shares of Priority Technology stock. The stock was sold at an average price of $3.18, for a total value of $4,149.90.

Priority Technology Trading Up 1.4 %

Shares of PRTH stock opened at $5.02 on Friday. Priority Technology Holdings, Inc. has a fifty-two week low of $2.62 and a fifty-two week high of $5.39. The stock has a 50 day moving average price of $4.09 and a two-hundred day moving average price of $3.61.

Priority Technology (NASDAQ:PRTH) last announced its earnings results on Thursday, May 9th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $205.72 million during the quarter, compared to the consensus estimate of $209.08 million. Priority Technology had a negative return on equity of 3.11% and a net margin of 0.57%. During the same quarter in the prior year, the company earned ($0.15) earnings per share.

Hedge Funds Weigh In On Priority Technology

A number of institutional investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. raised its holdings in Priority Technology by 22.5% in the fourth quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock worth $152,000 after purchasing an additional 7,812 shares in the last quarter. PFG Investments LLC purchased a new stake in shares of Priority Technology in the first quarter worth $37,000. Virtu Financial LLC purchased a new stake in shares of Priority Technology in the first quarter worth $50,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Priority Technology in the first quarter worth $91,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Priority Technology in the first quarter worth $164,000. Institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their price objective on Priority Technology from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.

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.