Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 170,596 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 170,596 shares of Priority Technology stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $10.60, for a total value of $1,808,317.60. Following the sale, the insider now directly owns 711,853 shares of the company’s stock, valued at approximately $7,545,641.80. The trade was a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, December 17th, Sean Kiewiet sold 100 shares of Priority Technology stock. The stock was sold at an average price of $10.00, for a total value of $1,000.00.
• On Wednesday, December 11th, Sean Kiewiet sold 100 shares of Priority Technology stock. The shares were sold at an average price of $10.00, for a total transaction of $1,000.00.
• On Wednesday, December 4th, Sean Kiewiet sold 488 shares of Priority Technology stock. The stock was sold at an average price of $10.01, for a total transaction of $4,884.88.
• On Monday, December 2nd, Sean Kiewiet sold 21,286 shares of Priority Technology stock. The stock was sold at an average price of $9.68, for a total transaction of $206,048.48.
• On Friday, November 29th, Sean Kiewiet sold 6,467 shares of Priority Technology stock. The shares were sold at an average price of $10.10, for a total transaction of $65,316.70.
• On Tuesday, November 26th, Sean Kiewiet sold 22,178 shares of Priority Technology stock. The stock was sold at an average price of $10.01, for a total value of $222,001.78.
• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The stock was sold at an average price of $5.11, for a total value of $29,127.00.
• On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The shares were sold at an average price of $5.30, for a total value of $22,790.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The stock was sold at an average price of $6.00, for a total transaction of $26,898.00.

Priority Technology Stock Performance

Shares of NASDAQ:PRTH opened at $11.49 on Friday. Priority Technology Holdings, Inc. has a 52-week low of $2.82 and a 52-week high of $12.44. The company has a market capitalization of $887.01 million, a PE ratio of -27.36 and a beta of 1.20. The company has a fifty day moving average of $8.58 and a 200-day moving average of $6.65.

Institutional Trading of Priority Technology

A number of hedge funds have recently made changes to their positions in PRTH. Jane Street Group LLC boosted its position in Priority Technology by 6.1% during the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock worth $153,000 after buying an additional 1,293 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Priority Technology by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock worth $109,000 after purchasing an additional 6,096 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Priority Technology by 15.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock worth $386,000 after purchasing an additional 7,719 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in Priority Technology by 17.0% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 66,675 shares of the company’s stock worth $455,000 after buying an additional 9,675 shares during the period. Finally, Corsair Capital Management L.P. increased its stake in shares of Priority Technology by 10.5% in the third quarter. Corsair Capital Management L.P. now owns 105,458 shares of the company’s stock valued at $720,000 after buying an additional 10,000 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRTH has been the subject of a number of recent analyst reports. Lake Street Capital upped their price target on shares of Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Keefe, Bruyette & Woods raised their target price on Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Finally, B. Riley boosted their price target on Priority Technology from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, November 25th.

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.