Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 18,800 Shares of Stock

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

Propel Stock Performance

Shares of PRL 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’s 50-day simple moving average is $36.38 and its two-hundred day simple moving average is $29.76.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. Propel’s payout ratio is 39.16%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Raymond James lifted their target price on shares of Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Finally, Scotiabank lowered Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Propel currently has a consensus 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.