Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 859 Shares of Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech sold 859 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.30, for a total value of $32,899.70.

Propel Stock Performance

TSE:PRL traded up $0.42 during trading hours on Tuesday, reaching $38.81. The company’s stock had a trading volume of 175,179 shares, compared to its average volume of 95,134. The company has a market capitalization of $1.33 billion, a P/E ratio of 26.85 and a beta of 1.75. Propel Holdings Inc. has a 12 month low of $9.40 and a 12 month high of $40.88. The stock has a 50 day moving average price of $32.47 and a two-hundred day moving average price of $25.95.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be issued a $0.15 dividend. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, November 15th. Propel’s dividend payout ratio (DPR) is currently 39.16%.

Wall Street Analysts Forecast Growth

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