Clive Kinross Sells 5,000 Shares of Propel Holdings Inc. (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRL) Director Clive Kinross sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.53, for a total value of $167,650.00.

Propel Trading Down 1.8%

Shares of PRL opened at $32.79 on Monday. The business’s fifty day simple moving average is $26.00 and its two-hundred day simple moving average is $32.34. Propel Holdings Inc. has a 12 month low of $19.91 and a 12 month high of $43.36. The company has a market cap of $912.90 million, a price-to-earnings ratio of 20.28 and a beta of 1.75.

Propel Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.20%. Propel’s dividend payout ratio (DPR) is currently 34.64%.

Analyst Ratings Changes

PRL has been the topic of several recent analyst reports. Scotiabank cut their target price on 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 cut their target price on 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 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 presently has an average rating of “Strong Buy” and a consensus 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.