Propel Holdings Inc. (TSE:PRL) Director Clive Kinross Sells 10,000 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Director Clive Kinross sold 10,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $34.23, for a total value of $342,300.00.

Clive Kinross also recently made the following trade(s):

• On Wednesday, June 11th, Clive Kinross sold 7,500 shares of Propel stock. The shares were sold at an average price of $34.19, for a total value of $256,425.00.
• On Friday, May 16th, Clive Kinross sold 5,000 shares of Propel stock. The stock was sold at an average price of $33.53, for a total value of $167,650.00.

Propel Trading Up 1.5%

PRL traded up $0.50 during midday trading on Thursday, reaching $34.95. The company's stock had a trading volume of 77,246 shares, compared to its average volume of 188,833. Propel Holdings Inc. has a twelve month low of $20.99 and a twelve month high of $43.36. The stock has a market cap of $973.04 million, a P/E ratio of 21.62 and a beta of 1.75. The company has a fifty day simple moving average of $30.18 and a 200 day simple moving average of $31.61.

Propel Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, May 15th. Propel's payout ratio is 34.64%.

Analysts Set New Price Targets

Several research analysts recently weighed in on PRL shares. Raymond James Financial decreased their target price on Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Scotiabank reduced their price objective on shares of Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and an average target price of $41.25.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states.