Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $50,200.00 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $5.02, for a total transaction of $50,200.00. Following the sale, the insider now owns 1,101,853 shares of the company’s stock, valued at $5,531,302.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, July 12th, Sean Kiewiet sold 6,258 shares of Priority Technology stock. The shares were 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 shares were 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 transaction of $4,383.75.
• On Wednesday, July 3rd, Sean Kiewiet sold 1,365 shares of Priority Technology stock. The shares were sold at an average price of $5.00, for a total transaction 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 transaction 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 transaction 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 stock was 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.

Priority Technology Stock Up 1.8 %

PRTH stock opened at $5.15 on Monday. Priority Technology Holdings, Inc. has a 12-month low of $2.62 and a 12-month high of $6.86. The company has a market cap of $412.36 million, a price-to-earnings ratio of -8.88 and a beta of 0.97. The company has a 50 day moving average of $5.00 and a two-hundred day moving average of $3.95.

Priority Technology (NASDAQ:PRTH) last released its quarterly earnings results 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. The business had revenue of $205.72 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned ($0.15) EPS.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their target price 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. bought a new position in shares of Priority Technology during the 1st quarter valued at $164,000. Panagora Asset Management Inc. raised its holdings 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 valued at $152,000 after purchasing an additional 7,812 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Priority Technology during the 1st quarter valued at $50,000. State Board of Administration of Florida Retirement System bought a new position in shares of Priority Technology during the 1st quarter valued at $91,000. Finally, PFG Investments LLC bought a new position in shares of Priority Technology during the 1st quarter valued at $37,000. Institutional investors 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.