Insider Selling: Propel Holdings Inc. (TSE:PRL) Director Sells 30,000 Shares of Stock

Propel Holdings Inc. (TSE:PRL) Director Clive Kinross sold 30,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $36.79, for a total transaction of $1,103,817.00.

Propel Stock Up 3.8 %

PRL stock traded up $1.28 during midday trading on Thursday, hitting $34.91. The company’s stock had a trading volume of 48,995 shares, compared to its average volume of 102,093. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 24.41 and a beta of 1.75. The stock’s 50-day moving average price is $35.81 and its 200 day moving average price is $28.73. Propel Holdings Inc. has a 1 year low of $12.10 and a 1 year high of $40.88.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were issued a $0.15 dividend. This is an increase from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, November 15th. Propel’s payout ratio is 39.16%.

Analyst Ratings Changes

PRL has been the topic of several recent research reports. Raymond James raised their price target on shares of Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research report on Friday, October 4th. Scotiabank lowered Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Stephens upgraded shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.