Propel Holdings Inc. (TSE:PRL) Director Sells $256,425.00 in Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Director Clive Kinross sold 7,500 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $34.19, for a total transaction of $256,425.00.

Clive Kinross also recently made the following trade(s):

• On Monday, June 16th, Clive Kinross sold 10,000 shares of Propel stock. The shares were sold at an average price of $34.23, for a total value of $342,300.00.
• On Friday, May 16th, Clive Kinross sold 5,000 shares of Propel stock. The stock was sold at an average price of $33.53, for a total value of $167,650.00.

Propel Trading Up 1.5%

TSE PRL traded up $0.50 on Thursday, hitting $34.95. 77,246 shares of the stock traded hands, compared to its average volume of 188,833. The stock has a 50-day moving average of $30.41 and a 200 day moving average of $31.63. Propel Holdings Inc. has a twelve month low of $20.99 and a twelve month high of $43.36. The company has a market capitalization of $973.04 million, a P/E ratio of 21.62 and a beta of 1.75.

Propel Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, May 15th. Propel's dividend payout ratio is currently 34.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PRL shares. Scotiabank reduced their price target on Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Raymond James Financial cut 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. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Strong Buy" and an average 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.