Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Bradley Sherk sold 6,100 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $31.85, for a total value of $194,285.00.
Propel Price Performance
Shares of TSE:PRL traded up $0.80 during midday trading on Friday, reaching $33.84. The company's stock had a trading volume of 197,933 shares, compared to its average volume of 195,953. Propel Holdings Inc. has a fifty-two week low of $20.99 and a fifty-two week high of $43.36. The company has a market capitalization of $942.14 million, a P/E ratio of 20.93 and a beta of 1.75. The business's fifty day simple moving average is $28.55 and its 200-day simple moving average is $31.92.
Propel Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were paid a $0.18 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.13%. Propel's dividend payout ratio (DPR) is presently 34.64%.
Wall Street Analyst Weigh In
Several research firms have issued reports on PRL. Raymond James dropped their price objective on Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Scotiabank dropped 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 analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy" and a consensus target price of $41.25.
Read Our Latest Research Report on PRL
About Propel
(
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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.
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