Gary Edelstein Sells 2,500 Shares of Propel Holdings Inc. (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Gary Edelstein sold 2,500 shares of Propel stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $34.50, for a total transaction of $86,250.00.

Propel Stock Down 1.8%

Shares of PRL stock opened at $32.79 on Friday. Propel Holdings Inc. has a 52 week low of $19.91 and a 52 week high of $43.36. The stock has a market capitalization of $912.90 million, a PE ratio of 20.28 and a beta of 1.75. The firm has a 50 day moving average of $26.00 and a two-hundred day moving average of $32.35.

Propel Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th will be given a $0.18 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.72 annualized dividend and a yield of 2.20%. Propel’s dividend payout ratio is presently 34.64%.

Wall Street Analyst Weigh In

PRL has been the subject of several research reports. Scotiabank dropped 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. Raymond James decreased 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. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.