Sean Kiewiet Sells 6,467 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 6,467 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $10.10, for a total transaction of $65,316.70. Following the completion of the sale, the insider now owns 909,894 shares of the company’s stock, valued at approximately $9,189,929.40. The trade was a 0.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Tuesday, November 26th, Sean Kiewiet sold 22,178 shares of Priority Technology stock. The shares were sold at an average price of $10.01, for a total transaction of $222,001.78.
• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The shares were 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 shares were sold at an average price of $6.00, for a total value of $26,898.00.
• On Tuesday, October 1st, Sean Kiewiet sold 11,664 shares of Priority Technology stock. The stock was sold at an average price of $6.61, for a total transaction of $77,099.04.
• On Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The stock was sold at an average price of $5.41, for a total transaction of $26,801.14.

Priority Technology Stock Performance

Shares of NASDAQ:PRTH traded up $0.03 during mid-day trading on Tuesday, hitting $9.95. 136,575 shares of the company traded hands, compared to its average volume of 67,652. The firm’s 50 day simple moving average is $6.94 and its 200 day simple moving average is $5.73. Priority Technology Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $10.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PRTH. Vanguard Group Inc. increased its stake in 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 buying an additional 156,044 shares during the period. Rebalance LLC acquired a new position in shares of Priority Technology in the third quarter worth about $4,822,000. Geode Capital Management LLC boosted its holdings in Priority Technology by 5.8% in the third quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock valued at $2,707,000 after purchasing an additional 21,598 shares during the last quarter. Corsair Capital Management L.P. grew its stake in Priority Technology by 10.5% during the 3rd quarter. Corsair Capital Management L.P. now owns 105,458 shares of the company’s stock valued at $720,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. increased 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 purchasing an additional 9,675 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. B. Riley upped their price objective on Priority Technology from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods lifted their price target on shares of Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Finally, Lake Street Capital raised their target price on shares of Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 22nd.

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.