Insider Selling: Propel Holdings Inc. (TSE:PRL) Director Sells 10,000 Shares of Stock

Propel Holdings Inc. (TSE:PRL) Director Clive Kinross sold 10,000 shares of Propel stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $34.23, for a total transaction of $342,300.00.

Clive Kinross also recently made the following trade(s):

• On Wednesday, June 11th, Clive Kinross sold 7,500 shares of Propel stock. The shares were sold at an average price of $34.19, for a total value of $256,425.00.
• On Friday, May 16th, Clive Kinross sold 5,000 shares of Propel stock. The shares were sold at an average price of $33.53, for a total value of $167,650.00.

Propel Trading Up 2.6%

TSE:PRL traded up $0.85 on Monday, reaching $33.92. The stock had a trading volume of 100,700 shares, compared to its average volume of 191,640. The stock has a market cap of $944.36 million, a P/E ratio of 20.98 and a beta of 1.75. Propel Holdings Inc. has a 12-month low of $20.99 and a 12-month high of $43.36. The company has a 50-day moving average of $29.56 and a 200 day moving average of $31.65.

Propel Cuts Dividend

The company also recently announced 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 2.12%. Propel’s payout ratio is 34.64%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PRL shares. Raymond James cut their price target on shares of 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. Scotiabank reduced 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 note on Thursday, April 24th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average price target 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.