Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 6,258 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 6,258 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $5.04, for a total transaction of $31,540.32. Following the completion of the transaction, the insider now directly owns 1,121,853 shares in the company, valued at $5,654,139.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 10th, Sean Kiewiet sold 4,722 shares of Priority Technology stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 shares were 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 shares were 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 shares were sold at an average price of $4.51, for a total transaction of $44,432.52.
• 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.

Priority Technology Stock Up 9.4 %

Shares of PRTH traded up $0.48 during trading on Monday, reaching $5.61. 65,872 shares of the company traded hands, compared to its average volume of 42,453. Priority Technology Holdings, Inc. has a twelve month low of $2.62 and a twelve month high of $5.63. The stock has a market cap of $449.19 million, a PE ratio of -9.67 and a beta of 0.97. The stock has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $3.68.

Priority Technology (NASDAQ:PRTH) last announced 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 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 last year, the business earned ($0.15) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Panagora Asset Management Inc. grew its holdings 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 valued at $152,000 after purchasing an additional 7,812 shares in the last quarter. PFG Investments LLC acquired a new position in shares of Priority Technology in the first quarter valued at approximately $37,000. Williams & Novak LLC acquired a new position in shares of Priority Technology in the second quarter valued at approximately $77,000. Virtu Financial LLC acquired a new position in shares of Priority Technology in the first quarter valued at approximately $50,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Priority Technology in the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

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.