Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 4,500 Shares of Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Gary Edelstein sold 4,500 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were 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 stock was sold at an average price of $34.40, for a total value 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 Stock Performance

TSE PRL traded down $1.27 on Friday, hitting $37.49. The stock had a trading volume of 226,570 shares, compared to its average volume of 187,821. The firm has a 50-day moving average of $31.72 and a 200-day moving average of $31.62. Propel Holdings Inc. has a 52-week low of $20.99 and a 52-week high of $43.36. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.19 and a beta of 1.75.

Propel Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th were paid a $0.18 dividend. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Raymond James Financial dropped their target price on 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 decreased their price objective on Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy" and a consensus price target 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.

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