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 that occurred on Monday, December 16th. The stock was sold at an average price of $36.79, for a total value of $1,103,817.00.

Propel Stock Up 0.4 %

Shares of TSE:PRL opened at $36.03 on Friday. The firm has a fifty day simple moving average of $35.92 and a two-hundred day simple moving average of $28.87. The stock has a market capitalization of $1.24 billion, a P/E ratio of 25.20 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.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.15 per share. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, November 15th. Propel’s payout ratio is presently 39.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PRL. 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. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Stephens upgraded Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Raymond James increased their price target on Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.