Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $44,432.52 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 9,852 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $4.51, for a total transaction of $44,432.52. Following the completion of the sale, the insider now owns 1,241,853 shares in the company, valued at approximately $5,600,757.03. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 shares were 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 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 Up 6.7 %

Shares of NASDAQ:PRTH opened at $4.46 on Monday. Priority Technology Holdings, Inc. has a fifty-two week low of $2.62 and a fifty-two week high of $5.03. The firm has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $3.36. The company has a market cap of $357.11 million, a PE ratio of -7.69 and a beta of 0.87.

Priority Technology (NASDAQ:PRTH) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $205.72 million during the quarter, compared to the consensus estimate of $209.08 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. As a group, research analysts forecast that Priority Technology Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PRTH. PFG Investments LLC bought a new position in Priority Technology in the 1st quarter worth about $37,000. Virtu Financial LLC bought a new position in Priority Technology in the 1st quarter worth about $50,000. State Board of Administration of Florida Retirement System bought a new position in Priority Technology in the 1st quarter worth about $91,000. Panagora Asset Management Inc. grew 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 worth $152,000 after purchasing an additional 7,812 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Priority Technology in the 1st quarter worth about $164,000. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

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

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.