Propel Holdings Inc. (TSE:PRL) Senior Officer Sells $616,192.39 in Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Sarika Ahluwalia sold 16,417 shares of the stock in a transaction that occurred on 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 shares were sold at an average price of $36.15, for a total transaction of $10,845.00.

Propel Stock Down 3.3%

Shares of TSE PRL traded down $1.27 during mid-day trading on Friday, reaching $37.49. 226,570 shares of the company were exchanged, compared to its average volume of 187,821. The company's 50-day simple moving average is $31.98 and its 200-day simple moving average is $31.63. The stock has a market capitalization of $1.04 billion, a P/E ratio of 23.19 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.

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 given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.72 annualized dividend and a yield of 1.92%. Propel's dividend payout ratio (DPR) is presently 34.64%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank cut their price target on shares of 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 cut 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 research note on Thursday, March 13th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, 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.