Propel Holdings Inc. (TSE:PRL) Senior Officer Sheldon Saidakovsky Sells 5,200 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Sheldon Saidakovsky sold 5,200 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $33.65, for a total value of $174,980.00.

Propel Stock Down 0.3%

PRL stock traded down $0.10 during midday trading on Friday, reaching $33.07. 141,166 shares of the company's stock traded hands, compared to its average volume of 192,437. The company has a 50-day simple moving average of $29.56 and a two-hundred day simple moving average of $31.69. Propel Holdings Inc. has a 1-year low of $20.99 and a 1-year high of $43.36. The company has a market cap of $920.70 million, a price-to-earnings ratio of 20.46 and a beta of 1.75.

Propel Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors 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 dividend on an annualized basis and a yield of 2.18%. Propel's dividend payout ratio is 34.64%.

Analyst Ratings Changes

PRL has been the subject of a number of recent research reports. Scotiabank dropped their target price on Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Raymond James dropped their target price on Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a report 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's stock. Based on data from MarketBeat.com, Propel currently has a consensus 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.