Priority Technology Holdings (NASDAQ: PRTH – Rated ) insider Sean Kiewiet sold 5,991 shares of Priority Technology in a trade that occurred on Friday, December 9th. The stock was selling at an average price of $5.48 for a total transaction value of $32,830.68. After the completion of the sale, the insider now directly owns 1,554,841 shares of the company’s stock, worth approximately US$8,520,528.68. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC website.
Sean Kiewiet also recently made the following transactions:
- On Wednesday, December 7, Sean Kiewiet sold 1,239 shares of Priority Technology stock. The stock sold at an average price of $5.68 for a total transaction value of $7,037.52.
Priority tech deals down 1.2%
Nasdaq: PRTH fell $0.07 to $5.55 during Friday’s trading session. The company’s volume was 22,973 shares, compared with its average volume of 47,892 shares. Priority Technology Holdings had a 52-week low of $3.10 and a 52-week high of $7.45. The company has a market capitalization of $421.81 million, a price-to-earnings ratio of -23.13, and a beta of 1.03. The company’s 50-day moving average is $4.97 and its 200-day moving average is $4.58.
Priority Technology (NASDAQ: PRTH – Get Rating ) last reported earnings results on Thursday, November 10th. The company reported EPS ($0.13) for the quarter. The company’s revenue for the quarter was $166.42 million. Priority Technology had a negative return on equity of 9.38% and a net margin of 2.10%.
Institutional inflows and outflows
Several institutional investors and hedge funds have recently revised their holdings of PRTH. AIG increased its stake in Priority Technology by 49.7% in the second quarter. AIG now owns 8,386 shares of the company worth $28,000 after acquiring an additional 2,785 shares last quarter. JPMorgan Chase & Co increased its stake in Priority Technology by 41.1% in the second quarter. JPMorgan now owns 9,583 shares of the company worth $32,000 after acquiring an additional 2,791 shares last quarter. BNP Paribas Arbitrage SNC increased its stake in Priority Technology by 102.7% in the third quarter. BNP Paribas Arbitrage SNC now owns 7,884 shares of the company worth $36,000 after acquiring an additional 3,995 shares last quarter. UBS increased its stake in Priority Technology by 68.2% in the first quarter. UBS Group AG now owns 7,184 shares of the company worth $42,000 after acquiring an additional 2,913 shares last quarter. Finally, Jane Street Group LLC bought a new position in Priority Technology stock worth $60,000 during the second quarter. Hedge funds and other institutional investors hold a 12.44% stake in the company.
Priority Technology Company Profile
Priority Technology Holdings, Inc operates a payments technology company in the United States. It operates through three segments: Small and Medium Business (SMB) Payments, Business-to-Business Payments and Enterprise Payments. The company offers the MX product line, including MX Connect and MX Merchant products such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B, and ACH.com, which provide a flexible and customizable set of business applications that help Dedicated to managing key business job functions and revenue performance for reseller and merchant customers using core payment processing as our point of leverage.
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