Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 4,000 Shares of Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Cindy Usprech sold 4,000 shares of the stock in a transaction on Monday, June 16th. The stock was 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 value of $359,567.00.

Propel Trading Up 3.0%

PRL traded up $1.04 during trading on Friday, hitting $35.99. The company's stock had a trading volume of 138,677 shares, compared to its average volume of 188,268. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 22.26 and a beta of 1.75. Propel Holdings Inc. has a twelve month low of $20.99 and a twelve month high of $43.36. The business's fifty day simple moving average is $30.41 and its 200 day simple moving average is $31.63.

Propel Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.00%. Propel's dividend payout ratio (DPR) is 34.64%.

Analysts Set New Price Targets

PRL has been the topic of a number of recent research reports. Raymond James Financial lowered their target price on Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Scotiabank cut their target price on shares of 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy" and an average target price of $41.25.

About Propel

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.