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

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Jonathan Krauklis sold 5,000 shares of Propel stock in a transaction on Friday, June 20th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00.

Jonathan Krauklis also recently made the following trade(s):

• On Friday, May 23rd, Jonathan Krauklis sold 4,555 shares of Propel stock. The shares were sold at an average price of $31.50, for a total value of $143,482.50.

Propel Trading Down 3.6%

Shares of TSE:PRL traded down $1.40 during mid-day trading on Friday, reaching $37.36. The stock had a trading volume of 216,374 shares, compared to its average volume of 187,514. The business's 50 day moving average price is $31.72 and its 200 day moving average price is $31.62. Propel Holdings Inc. has a 1 year low of $20.99 and a 1 year high of $43.36. The company has a market cap of $1.04 billion, a P/E ratio of 23.11 and a beta of 1.75.

Propel Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.93%. Propel's dividend payout ratio (DPR) is 34.64%.

Analysts Set New Price Targets

Several research analysts have weighed in on PRL shares. Scotiabank dropped their price target on Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Raymond James Financial dropped their target price on shares of 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. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.