Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 5,200 Shares of Stock

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

Propel Price Performance

Shares of PRL stock traded down $0.56 on Thursday, hitting $33.21. 72,017 shares of the stock traded hands, compared to its average volume of 192,549. Propel Holdings Inc. has a 52 week low of $20.99 and a 52 week high of $43.36. The firm has a 50 day simple moving average of $29.12 and a two-hundred day simple moving average of $31.71. The firm has a market cap of $924.60 million, a price-to-earnings ratio of 20.54 and a beta of 1.75.

Propel Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders 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 dividend yield of 2.17%. Propel's payout ratio is 34.64%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PRL. Scotiabank cut their price objective on shares of Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Raymond James cut their price target 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 research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.