Sarika Ahluwalia Sells 300 Shares of Propel Holdings Inc. (TSE:PRL) Stock

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

Propel Trading Up 2.3%

Shares of TSE:PRL opened at $37.66 on Thursday. The firm’s 50 day moving average is $31.43 and its two-hundred day moving average is $31.57. Propel Holdings Inc. has a 52 week low of $20.99 and a 52 week high of $43.36. The firm has a market capitalization of $1.05 billion, a P/E ratio of 23.30 and a beta of 1.75.

Propel Cuts Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.91%. Propel’s payout ratio is currently 34.64%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James Financial dropped 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 note 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 on the stock 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 stock. Based on data from MarketBeat, the stock presently has an average 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.