Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 21,100 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 21,100 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $3.48, for a total transaction of $73,428.00. Following the transaction, the insider now directly owns 1,302,580 shares in the company, valued at $4,532,978.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 shares were sold at an average price of $3.54, for a total transaction 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 shares were sold at an average price of $3.30, for a total transaction of $33,000.00.

Priority Technology Stock Performance

NASDAQ PRTH opened at $3.44 on Wednesday. The company has a 50 day moving average price of $3.27 and a two-hundred day moving average price of $3.35. 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 posted its earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $205.72 million during the quarter, compared to analysts’ expectations of $209.08 million. Priority Technology had a net margin of 0.57% and a negative return on equity of 3.11%. During the same period in the previous year, the company earned ($0.15) earnings per share. As a group, analysts anticipate that Priority Technology Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Institutional Trading of Priority Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Panagora Asset Management Inc. lifted its stake in shares of 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 buying an additional 7,812 shares during the last quarter. PFG Investments LLC acquired a new stake in shares of Priority Technology in the first quarter worth $37,000. Virtu Financial LLC acquired a new stake in shares of Priority Technology in the first quarter worth $50,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Priority Technology in the first quarter worth $91,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Priority Technology in the first quarter worth $164,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Priority Technology

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.