Propel Holdings Inc. (TSE:PRL) Director Sells $1,103,817.00 in Stock

Propel Holdings Inc. (TSE:PRL) Director Clive Kinross sold 30,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $36.79, for a total transaction of $1,103,817.00.

Propel Stock Up 6.7 %

Shares of PRL opened at $35.90 on Friday. The stock’s 50-day moving average price is $35.92 and its 200 day moving average price is $28.87. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.10 and a beta of 1.75. Propel Holdings Inc. has a 12-month low of $12.10 and a 12-month high of $40.88.

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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Propel’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 15th. Propel’s dividend payout ratio is presently 39.16%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PRL shares. Eight Capital lifted their target price on shares of Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Ventum Financial set a C$38.00 price objective on Propel and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Stephens raised Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.