Propel Holdings Inc. (TSE:PRL) Senior Officer Gary Edelstein Sells 1,500 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Gary Edelstein sold 1,500 shares of Propel stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $34.40, for a total value of $51,600.00.

Gary Edelstein also recently made the following trade(s):

• On Wednesday, May 14th, Gary Edelstein sold 2,500 shares of Propel stock. The stock was sold at an average price of $34.50, for a total value of $86,250.00.

Propel Trading Up 1.5%

PRL traded up $0.50 during trading hours on Thursday, hitting $34.95. The company's stock had a trading volume of 77,246 shares, compared to its average volume of 188,833. The company has a 50-day simple moving average of $30.41 and a 200 day simple moving average of $31.63. The firm has a market capitalization of $973.04 million, a PE ratio of 21.62 and a beta of 1.75. Propel Holdings Inc. has a fifty-two week low of $20.99 and a fifty-two week high of $43.36.

Propel Cuts Dividend

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

Wall Street Analysts Forecast Growth

PRL has been the subject of a number of recent research reports. Raymond James Financial lowered 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 shares of Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Strong Buy" and an average price target of $41.25.

About Propel

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.