Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $26,801.14 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 4,954 shares of Priority Technology stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $5.41, for a total value of $26,801.14. Following the completion of the transaction, the insider now owns 1,085,158 shares of the company’s stock, valued at $5,870,704.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $42,485.90.
• On Wednesday, August 7th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The stock was sold at an average price of $5.02, for a total transaction of $50,200.00.
• On Friday, July 12th, Sean Kiewiet sold 6,258 shares of Priority Technology stock. The stock was sold at an average price of $5.04, for a total transaction of $31,540.32.
• On Wednesday, July 10th, Sean Kiewiet sold 4,722 shares of Priority Technology stock. The shares were sold at an average price of $5.08, for a total transaction of $23,987.76.
• On Monday, July 8th, Sean Kiewiet sold 7,519 shares of Priority Technology stock. The stock was sold at an average price of $5.05, for a total transaction of $37,970.95.
• On Friday, July 5th, Sean Kiewiet sold 875 shares of Priority Technology stock. The shares were sold at an average price of $5.01, for a total value of $4,383.75.
• 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 shares were sold at an average price of $5.00, for a total value of $14,020.00.
• 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.

Priority Technology Price Performance

Shares of PRTH opened at $5.16 on Friday. The firm has a fifty day moving average price of $5.32 and a 200 day moving average price of $4.21. The stock has a market cap of $413.14 million, a PE ratio of -8.90 and a beta of 0.97. Priority Technology Holdings, Inc. has a 1-year low of $2.62 and a 1-year high of $6.86.

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 during the quarter. Priority Technology had a net margin of 0.74% and a negative return on equity of 9.60%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Priority Technology from $4.50 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th.

Institutional Investors Weigh In On Priority Technology

Large investors have recently modified their holdings of the company. Panagora Asset Management Inc. raised its position in Priority Technology by 22.5% in the 4th 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 during the last quarter. Williams & Novak LLC purchased a new position in Priority Technology during the 2nd quarter worth $77,000. Virtu Financial LLC acquired a new position in Priority Technology in the first quarter valued at $50,000. 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. Finally, Renaissance Technologies LLC acquired a new stake in shares of Priority Technology during the second quarter worth about $202,000. 11.52% of the stock is 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.