Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Rating ) insider Sean Kiewitt sold 5,991 shares of Priority Technology stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $5.48, for a total transaction of $32,830.68. Following the completion of the sale, the insider now directly owns 1,554,841 shares of the company’s stock, valued at approximately $8,520,528.68. The transaction was disclosed in a legal filing available on the SEC’s website.
Sean Keyvet also recently made the following trade(s):
- On Wednesday, December 7th, Sean Kiewitt sold 1,239 shares of Preferred Technology stock. The stock traded at an average price of $5.68, for a total transaction of $7,037.52.
Preferred technology trade was down 1.2%
NASDAQ: PRTH traded down $0.07 during trading on Friday, hitting $5.55. The company had a trading volume of 22,973 shares compared to its average volume of 47,892. Priority Technology Holdings, Inc. has a 52-week low of $3.10 and a 52-week high of $7.45. The firm has a market capitalization of $421.81 million, a price-to-earnings ratio of -23.13, and a beta of 1.03. The firm has a 50-day moving average of $4.97 and a 200-day moving average of $4.58.
Priority Technology (NASDAQ:PRTH – Get Rating ) last posted its earnings results on Thursday, November 10th. The company reported ($0.13) EPS for the quarter. The company’s revenue for the quarter was $166.42 million. Preferred Technology had a negative return on equity of 9.38% and a net margin of 2.10%.
Institutional ebb and flow
A number of institutional investors and hedge funds have recently modified their holdings of PRTH. American International Group Inc. boosted its stake in shares of Preferred Technologies by 49.7% in the second quarter. American International Group Inc. is now buying 2,785 shares of the company’s stock after acquiring an additional 2,785 shares during the last quarter. Now owns 8,386 shares of the company’s stock worth $28,000. JP Morgan Chase & Co. boosted its stake in shares of Preferred Technologies by 41.1% in the second quarter. JP Morgan Chase & Co. now owns 9,583 shares of the company’s stock valued at $32,000 after acquiring an additional 2,791 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in shares of Preferred Technologies by 102.7% in the third quarter. BNP Paribas Arbitrage SNC now owns 7,884 shares of the company’s stock valued at $36,000 after acquiring an additional 3,995 shares during the last quarter. UBS Group AG boosted its stake in shares of Preferred Technologies by 68.2% in the first quarter. UBS Group AG now owns 7,184 shares of the company’s stock valued at $42,000 after acquiring an additional 2,913 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Priority Technology in the second quarter valued at $60,000. Hedge funds and other institutional investors own 12.44% of the company’s stock.
Preferred Technology Company Profile
(get rating)
Priority Technology Holdings, Inc. operates as a payment 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 Insights, MX Storefront, MX Retail, MX Invoice, MX B2B, MX Connect and MX Merchant products such as ACH.com, which provide a flexible and customizable set of business applications. To manage critical business operations and revenue performance for resellers and merchant clients using core payment processing as our leverage point.
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