Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech Sells 5,600 Shares

Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech sold 5,600 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $36.13, for a total value of $202,345.92.

Cindy Usprech also recently made the following trade(s):

• On Monday, November 18th, Cindy Usprech sold 859 shares of Propel stock. The shares were sold at an average price of $38.30, for a total transaction of $32,899.70.

Propel Stock Down 1.4 %

TSE PRL opened at $36.85 on Friday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.77 and a beta of 1.75. Propel Holdings Inc. has a twelve month low of $12.10 and a twelve month high of $40.88. The stock has a fifty day simple moving average of $36.38 and a 200 day simple moving average of $29.84.

Propel Increases Dividend

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

Wall Street Analyst Weigh In

PRL has been the topic of a number of research analyst reports. Raymond James raised their target price on shares of Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a report on Tuesday, October 8th. Stephens raised Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Eight Capital lifted their price target on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Finally, Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note on Friday, October 4th. One 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. According to MarketBeat.com, the company currently 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.