Propel Holdings Inc. (TSE:PRL) Senior Officer Noah Buchman Sells 26,871 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Noah Buchman sold 26,871 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $37.34, for a total value of $1,003,424.94.

Propel Trading Down 2.3%

Shares of PRL stock traded down $0.90 during mid-day trading on Friday, reaching $37.87. The stock had a trading volume of 94,084 shares, compared to its average volume of 185,710. The business's fifty day moving average is $33.29 and its 200-day moving average is $31.68. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 23.43 and a beta of 1.75. Propel Holdings Inc. has a 1-year low of $20.99 and a 1-year high of $43.36.

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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, May 15th. Propel's dividend payout ratio is presently 34.64%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James Financial lowered their target price on Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a 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 research note on Thursday, April 24th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Propel currently has an average rating of "Strong Buy" and a consensus target price 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.