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 stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $5.18, for a total transaction of $147,635.18. Following the transaction, the insider now owns 1,196,320 shares in the company, valued at $6,196,937.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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 stock was sold at an average price of $3.18, for a total value of $4,149.90.

Priority Technology Price Performance

Shares of PRTH traded up $0.19 during trading hours on Tuesday, reaching $4.95. 27,973 shares of the company’s stock traded hands, compared to its average volume of 41,759. The business’s fifty day simple moving average is $4.02 and its two-hundred day simple moving average is $3.59. The firm has a market capitalization of $396.32 million, a price-to-earnings ratio of -8.53 and a beta of 0.96. Priority Technology Holdings, Inc. has a twelve month low of $2.62 and a twelve month high of $5.39.

Priority Technology (NASDAQ:PRTH) last released its earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $205.72 million for the quarter, compared to analyst estimates 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 previous year, the company earned ($0.15) earnings per share.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Priority Technology

A number of institutional investors have recently bought and sold shares of PRTH. Panagora Asset Management Inc. increased its stake in Priority Technology by 22.5% in the 4th 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 position in Priority Technology in the 1st quarter worth about $37,000. State Board of Administration of Florida Retirement System purchased a new position in Priority Technology in the 1st quarter worth about $91,000. Vanguard Group Inc. increased its stake in Priority Technology by 25.7% in 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Priority Technology in the 1st quarter worth about $164,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.