Propel Holdings Inc. (TSE:PRL) Senior Officer Jonathan Krauklis Sells 4,555 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Jonathan Krauklis sold 4,555 shares of Propel stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.50, for a total value of $143,482.50.

Propel Stock Performance

Shares of TSE:PRL traded down $0.05 during midday trading on Friday, hitting $31.76. 146,522 shares of the stock were exchanged, compared to its average volume of 199,037. The stock has a market capitalization of $884.23 million, a price-to-earnings ratio of 19.65 and a beta of 1.75. The business's 50-day moving average price is $27.60 and its 200 day moving average price is $32.04. Propel Holdings Inc. has a 12 month low of $19.91 and a 12 month high of $43.36.

Propel Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 15th. Propel's dividend payout ratio is currently 34.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Raymond James reduced their price target on Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Scotiabank reduced their price target on 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 equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Strong Buy" and a consensus target price 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.