Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 300 Shares of Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Sarika Ahluwalia sold 300 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $36.15, for a total value of $10,845.00.

Propel Stock Performance

Propel stock traded down $1.40 during midday trading on Friday, hitting $37.36. 216,374 shares of the company were exchanged, compared to its average volume of 187,514. The business has a fifty day simple moving average of $31.72 and a two-hundred day simple moving average of $31.62. The firm has a market capitalization of $1.04 billion, a PE ratio of 23.11 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.72 annualized dividend and a yield of 1.93%. Propel's dividend payout ratio is presently 34.64%.

Analyst Upgrades and Downgrades

PRL has been the subject of a number of recent research reports. Raymond James Financial reduced their price target on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Scotiabank reduced 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. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Propel has an average rating of "Strong Buy" and a consensus 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.