Gary Edelstein Sells 4,500 Shares of Propel Holdings Inc. (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Gary Edelstein sold 4,500 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $38.81, for a total value of $174,645.00.

Gary Edelstein also recently made the following trade(s):

• On Wednesday, June 11th, Gary Edelstein sold 1,500 shares of Propel stock. The shares were sold at an average price of $34.40, for a total transaction of $51,600.00.
• On Wednesday, May 14th, Gary Edelstein sold 2,500 shares of Propel stock. The shares were sold at an average price of $34.50, for a total transaction of $86,250.00.

Propel Trading Up 0.9%

PRL stock traded up $0.35 on Monday, hitting $37.84. The company's stock had a trading volume of 156,523 shares, compared to its average volume of 187,571. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 23.41 and a beta of 1.75. The firm has a 50 day moving average of $32.28 and a two-hundred day moving average of $31.58. Propel Holdings Inc. has a 1 year low of $20.99 and a 1 year high of $43.36.

Propel Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders 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 dividend yield of 1.90%. Propel's payout ratio is 34.64%.

Wall Street Analysts Forecast Growth

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