Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells 5,600 Shares of Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech sold 5,600 shares of the company’s stock in a transaction on 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 value of $32,899.70.

Propel Stock Performance

Shares of Propel stock traded down $0.37 on Friday, hitting $37.00. The company’s stock had a trading volume of 17,342 shares, compared to its average volume of 102,495. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.87 and a beta of 1.75. The firm has a fifty day moving average price of $36.32 and a 200-day moving average price of $29.62. Propel Holdings Inc. has a 1 year low of $12.10 and a 1 year high of $40.88.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.15 per share. 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. Propel’s dividend payout ratio (DPR) is 39.16%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Scotiabank lowered shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Raymond James boosted their target price on Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Eight Capital increased their price target on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Finally, Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Propel presently has a consensus rating of “Buy” and an average price target 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.