Propel Holdings Inc. (TSE:PRL) Senior Officer Sells $32,899.70 in Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech sold 859 shares of Propel stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.30, for a total transaction of $32,899.70.

Propel Stock Up 1.1 %

Shares of TSE:PRL opened at $38.81 on Wednesday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 27.14 and a beta of 1.75. Propel Holdings Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $40.88. The firm’s 50-day simple moving average is $32.73 and its 200-day simple moving average is $26.11.

Propel Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. Propel’s dividend payout ratio (DPR) is 39.16%.

Analysts Set New Price Targets

PRL has been the subject of a number of research reports. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Stephens raised shares of Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Ventum Financial set a C$38.00 target price on shares of Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Eight Capital raised their price target on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Finally, Raymond James upped their price objective on Propel from C$40.00 to C$47.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $41.00.

Propel Company Profile

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.