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

Propel Holdings Inc. (TSE:PRL) Director Clive Kinross sold 7,500 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was 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 shares were sold at an average price of $33.53, for a total transaction of $167,650.00.

Propel Price Performance

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

Propel Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.12%. Propel’s dividend payout ratio (DPR) is 34.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 report on Thursday, April 24th. Raymond James dropped their target price on shares of Propel from C$52.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average target price 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.