Propel Holdings Inc. (TSE:PRL) Director Clive Kinross Sells 7,500 Shares

Propel Holdings Inc. (TSE:PRL) Director Clive Kinross sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $34.19, for a total transaction of $256,425.00.

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

• On Friday, May 16th, Clive Kinross sold 5,000 shares of Propel stock. The stock was sold at an average price of $33.53, for a total transaction of $167,650.00.

Propel Trading Up 2.6%

Shares of PRL traded up $0.85 during trading hours on Monday, reaching $33.92. 100,700 shares of the company traded hands, compared to its average volume of 191,640. The stock’s fifty day moving average price is $29.56 and its 200 day moving average price is $31.65. The firm has a market cap of $944.36 million, a price-to-earnings 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.

Propel Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.12%. Propel’s dividend payout ratio is currently 34.64%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Raymond James lowered their price objective on shares of Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Scotiabank dropped 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 report on Thursday, April 24th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.