Propel Holdings Inc. (TSE:PRL) Senior Officer Sells $703,120.00 in Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Noah Buchman sold 18,800 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00.

Propel Stock Performance

Propel stock opened at $36.85 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 25.77 and a beta of 1.75. Propel Holdings Inc. has a 52-week low of $12.10 and a 52-week high of $40.88. The firm has a 50 day moving average price of $36.38 and a two-hundred day moving average price of $29.84.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, November 15th. This is an increase from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio (DPR) is currently 39.16%.

Wall Street Analyst Weigh In

Several research firms have commented on PRL. Raymond James increased their target price on Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Ventum Financial set a C$38.00 target price on shares of Propel and gave the stock a “buy” rating in a report on Wednesday, October 9th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $41.00.

About Propel

Propel Holdings Inc operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.