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 transaction of $703,120.00.

Propel Stock Down 1.4 %

TSE PRL opened at $36.85 on Friday. Propel Holdings Inc. has a 52 week low of $12.10 and a 52 week high of $40.88. The business has a 50 day moving average price of $36.38 and a 200-day moving average price of $29.76. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 25.77 and a beta of 1.75.

Propel Increases Dividend

The firm also recently declared 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 represents a $0.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Propel’s previous quarterly dividend of $0.14. Propel’s payout ratio is 39.16%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PRL. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research report on Friday, October 4th. Stephens raised Propel to a “strong-buy” rating in a research note on Wednesday, November 13th. Scotiabank downgraded shares of Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Ventum Financial set a C$38.00 price target on shares of Propel and gave the stock a “buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company 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.