Propel Holdings Inc. (TSE:PRL) Senior Officer Sarika Ahluwalia Sells 300 Shares

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

Propel Price Performance

Propel stock traded up $0.62 during trading on Wednesday, reaching $37.45. 71,477 shares of the company were exchanged, compared to its average volume of 187,307. The stock's 50 day simple moving average is $31.15 and its two-hundred day simple moving average is $31.53. The company has a market capitalization of $1.04 billion, a P/E ratio of 23.17 and a beta of 1.75. Propel Holdings Inc. has a 52-week low of $20.99 and a 52-week high of $43.36.

Propel Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.92%. Propel's dividend payout ratio is presently 34.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Scotiabank lowered their target price on shares of Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Raymond James Financial decreased 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 research note on Thursday, March 13th. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Strong Buy" and an average 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.