Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells 9,875 Shares of Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 9,875 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.45, for a total transaction of $34,068.75. Following the completion of the transaction, the insider now owns 1,291,705 shares of the company’s stock, valued at approximately $4,456,382.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 24th, Sean Kiewiet sold 9,852 shares of Priority Technology stock. The shares were sold at an average price of $4.51, for a total transaction of $44,432.52.
• On Monday, May 20th, Sean Kiewiet sold 21,100 shares of Priority Technology stock. The shares were 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 shares were sold at an average price of $3.46, for a total transaction 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 shares were sold at an average price of $3.18, for a total transaction of $4,149.90.
• On Monday, April 1st, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The stock was sold at an average price of $3.30, for a total value of $33,000.00.

Priority Technology Stock Up 6.7 %

NASDAQ:PRTH traded up $0.28 during mid-day trading on Friday, reaching $4.46. 212,809 shares of the company were exchanged, compared to its average volume of 37,468. The stock has a market cap of $357.11 million, a PE ratio of -7.69 and a beta of 0.87. The company has a fifty day moving average of $3.29 and a 200 day moving average of $3.36. Priority Technology Holdings, Inc. has a 12 month low of $2.62 and a 12 month high of $5.03.

Priority Technology (NASDAQ:PRTH) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company earned ($0.15) earnings per share. On average, equities research analysts anticipate that Priority Technology Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley increased their price target on shares of Priority Technology from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th.

Institutional Investors Weigh In On Priority Technology

Several hedge funds have recently bought and sold shares of PRTH. Vanguard Group Inc. increased its stake in shares of Priority Technology by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after purchasing an additional 156,044 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Priority Technology during the 1st quarter valued at $164,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Priority Technology in the first quarter valued at about $91,000. Virtu Financial LLC bought a new position in Priority Technology in the 1st quarter valued at $50,000. Finally, PFG Investments LLC purchased a new stake in shares of Priority Technology during the 1st quarter worth approximately $37,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

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.