Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 16,417 Shares of Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Sarika Ahluwalia sold 16,417 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $37.53, for a total value of $616,192.39.

Sarika Ahluwalia also recently made the following trade(s):

• On Friday, June 20th, Sarika Ahluwalia sold 300 shares of Propel stock. The stock was sold at an average price of $36.15, for a total value of $10,845.00.

Propel Price Performance

Shares of PRL traded up $0.35 during mid-day trading on Monday, reaching $37.84. The company had a trading volume of 156,523 shares, compared to its average volume of 187,571. The company has a market capitalization of $1.05 billion, a P/E ratio of 23.41 and a beta of 1.75. Propel Holdings Inc. has a twelve month low of $20.99 and a twelve month high of $43.36. The company's 50-day moving average is $32.28 and its 200-day moving average is $31.58.

Propel Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, May 15th. This represents a $0.72 annualized dividend and a yield of 1.90%. Propel's dividend payout ratio is currently 34.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank cut their target price 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. Raymond James Financial lowered their price target on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Strong Buy" and an average target price 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.