Propel Holdings Inc. (TSE:PRL) Director Clive Kinross Sells 10,000 Shares

Propel Holdings Inc. (TSE:PRL) Director Clive Kinross sold 10,000 shares of the stock in a transaction dated Monday, June 16th. The shares were 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 transaction 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 transaction of $167,650.00.

Propel Price Performance

TSE:PRL opened at $33.92 on Tuesday. The firm has a market capitalization of $944.36 million, a price-to-earnings ratio of 20.98 and a beta of 1.75. The company’s 50-day moving average is $29.80 and its two-hundred day moving average is $31.62. Propel Holdings Inc. has a 1-year low of $20.99 and a 1-year high of $43.36.

Propel Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were issued 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 dividend payout ratio is currently 34.64%.

Analysts Set New Price Targets

PRL has been the topic of a number of research reports. Raymond James reduced their target price 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 decreased 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 research report on Thursday, April 24th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average 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.