Propel Holdings Inc. (TSE:PRL) Senior Officer Sarika Ahluwalia Sells 300 Shares

Propel Holdings Inc. (TSE:PRL) Senior Officer Sarika Ahluwalia sold 300 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $36.15, for a total value of $10,845.00.

Propel Trading Up 2.5%

TSE:PRL traded up $0.88 during trading hours on Tuesday, hitting $36.64. 134,897 shares of the stock were exchanged, compared to its average volume of 188,053. The firm’s fifty day moving average price is $30.89 and its 200 day moving average price is $31.53. The company has a market cap of $1.02 billion, a P/E ratio of 22.66 and a beta of 1.75. Propel Holdings Inc. has a 52-week low of $20.99 and a 52-week high of $43.36.

Propel Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were given a dividend of $0.18 per share. 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 1.97%. Propel’s payout ratio is presently 34.64%.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank decreased 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. Raymond James Financial dropped their target price on Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, 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.