Sean Kiewiet Sells 2,804 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 2,804 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $5.00, for a total value of $14,020.00. Following the sale, the insider now directly owns 1,193,516 shares of the company’s stock, valued at $5,967,580. The transaction was disclosed in a document filed with the SEC, which is available through 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 Friday, June 28th, Sean Kiewiet sold 28,501 shares of Priority Technology stock. The shares were sold at an average price of $5.18, for a total value of $147,635.18.
• 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $3.18, for a total value of $4,149.90.

Priority Technology Stock Performance

Shares of NASDAQ PRTH opened at $5.02 on Thursday. Priority Technology Holdings, Inc. has a fifty-two week low of $2.62 and a fifty-two week high of $5.39. The company’s 50 day simple moving average is $4.05 and its 200 day simple moving average is $3.60.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Priority Technology

Several hedge funds have recently added to or reduced their stakes in 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 acquiring an additional 156,044 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Priority Technology during the first quarter valued at approximately $164,000. Panagora Asset Management Inc. increased its stake in Priority Technology by 22.5% in the fourth quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock valued at $152,000 after purchasing an additional 7,812 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Priority Technology in the first quarter worth $91,000. Finally, Virtu Financial LLC acquired a new stake in Priority Technology in the first quarter worth $50,000. Institutional investors and hedge funds 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.