Propel Holdings Inc. (TSE:PRL) Senior Officer Sells $194,285.00 in Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Bradley Sherk sold 6,100 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $31.85, for a total transaction of $194,285.00.

Propel Trading Up 1.2%

TSE:PRL traded up $0.38 on Wednesday, reaching $33.06. 101,103 shares of the stock traded hands, compared to its average volume of 196,750. The firm has a market capitalization of $920.42 million, a price-to-earnings ratio of 20.45 and a beta of 1.75. The company's 50 day moving average is $27.96 and its 200-day moving average is $31.92. Propel Holdings Inc. has a 1-year low of $20.61 and a 1-year high of $43.36.

Propel Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 15th. Propel's dividend payout ratio is presently 34.64%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Scotiabank dropped their target price 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. Raymond James 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 report on Thursday, March 13th. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.