Insider Selling: Propel Holdings Inc. (TSE:PRL) Director Sells 5,000 Shares of Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Director Clive Kinross sold 5,000 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $37.69, for a total transaction of $188,470.00.

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

• On Monday, June 16th, Clive Kinross sold 10,000 shares of Propel stock. The stock was sold at an average price of $34.23, for a total transaction of $342,300.00.
• 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 transaction 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 Price Performance

Propel stock traded down $1.27 during trading hours on Friday, hitting $37.49. The company had a trading volume of 226,570 shares, compared to its average volume of 187,821. Propel Holdings Inc. has a fifty-two week low of $20.99 and a fifty-two week high of $43.36. The firm's fifty day moving average is $31.72 and its 200-day moving average is $31.62. The firm has a market capitalization of $1.04 billion, a P/E ratio of 23.19 and a beta of 1.75.

Propel Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were issued a $0.18 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. Propel's dividend payout ratio is currently 34.64%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PRL shares. Raymond James Financial lowered their price objective on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Scotiabank lowered their price target on Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Three 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, the company presently 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.

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