Propel Holdings Inc. (TSE:PRL) Senior Officer Sells $135,473.60 in Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Cindy Usprech sold 4,000 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $33.87, for a total transaction of $135,473.60.

Cindy Usprech also recently made the following trade(s):

• On Friday, May 9th, Cindy Usprech sold 11,050 shares of Propel stock. The stock was sold at an average price of $32.54, for a total transaction of $359,567.00.

Propel Stock Performance

Shares of Propel stock traded down $0.14 on Monday, hitting $35.76. The company had a trading volume of 141,921 shares, compared to its average volume of 188,549. Propel Holdings Inc. has a 1 year low of $20.99 and a 1 year high of $43.36. The stock has a 50 day moving average of $30.66 and a 200-day moving average of $31.54. The stock has a market capitalization of $995.59 million, a price-to-earnings ratio of 22.12 and a beta of 1.75.

Propel Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 15th. Propel's dividend payout ratio (DPR) is presently 34.64%.

Analysts Set New Price Targets

PRL has been the subject of a number of research analyst reports. 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 report on Thursday, March 13th. Scotiabank decreased their price objective on Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company 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, Propel currently has a consensus rating of "Strong Buy" and an average price target 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.