Propel Holdings Inc. (TSE:PRL) Director Clive Kinross Sells 7,500 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Director Clive Kinross sold 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 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 transaction of $167,650.00.

Propel Trading Up 2.6%

Shares of PRL traded up $0.85 during trading hours on Monday, reaching $33.92. 100,700 shares of the company traded hands, compared to its average volume of 191,640. The stock's fifty day moving average price is $29.56 and its 200 day moving average price is $31.65. The firm has a market cap of $944.36 million, a price-to-earnings ratio of 20.98 and a beta of 1.75. Propel Holdings Inc. has a 12-month low of $20.99 and a 12-month high of $43.36.

Propel Cuts Dividend

The business 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 2.12%. Propel's dividend payout ratio is currently 34.64%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Raymond James lowered their price objective on shares of 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 dropped their price objective on shares of Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Three research 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 stock currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.