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

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 9,875 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.45, for a total value of $34,068.75. Following the completion of the transaction, the insider now directly owns 1,291,705 shares of the company’s stock, valued at $4,456,382.25. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $4.51, for a total value of $44,432.52.
• 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 value 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 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 stock was sold at an average price of $3.18, for a total value 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 value of $33,000.00.

Priority Technology Stock Performance

Shares of NASDAQ PRTH opened at $4.46 on Friday. The stock has a fifty day moving average price of $3.32 and a two-hundred day moving average price of $3.36. The firm has a market cap of $357.11 million, a P/E ratio of -7.69 and a beta of 0.87. Priority Technology Holdings, Inc. has a 1 year low of $2.62 and a 1 year high of $5.03.

Priority Technology (NASDAQ:PRTH) last issued its quarterly 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 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 last year, the company posted ($0.15) EPS. On average, research analysts predict that Priority Technology Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Priority Technology

Several large investors have recently modified their holdings of PRTH. Panagora Asset Management Inc. boosted its stake in shares of Priority Technology by 22.5% during the 4th quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock worth $152,000 after acquiring an additional 7,812 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Priority Technology during the 1st quarter worth $37,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Priority Technology during the 1st quarter worth $91,000. Vanguard Group Inc. boosted its stake in shares of Priority Technology by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock worth $2,494,000 after acquiring an additional 156,044 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Priority Technology during the 1st quarter worth $164,000. 11.52% of the stock is owned by institutional investors.

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.