Propel Holdings Inc. (TSE:PRL) Senior Officer Noah Buchman Sells 18,800 Shares

Propel Holdings Inc. (TSE:PRL) Senior Officer Noah Buchman sold 18,800 shares of the business’s stock in a transaction 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

TSE PRL opened at $36.85 on Monday. Propel Holdings Inc. has a one year low of $12.10 and a one year high of $40.88. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.77 and a beta of 1.75. The company’s 50-day simple moving average is $36.38 and its two-hundred day simple moving average is $29.84.

Propel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.63%. 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 (DPR) is presently 39.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Canaccord Genuity Group upgraded Propel to a “strong-buy” rating in a research report on Friday, October 4th. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Eight Capital upped their target price on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, 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. One 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 currently has an average rating of “Buy” and a consensus target price 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.