Noah Buchman Sells 18,800 Shares of Propel Holdings Inc. (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Noah Buchman sold 18,800 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00.

Propel Price Performance

TSE:PRL opened at $37.37 on Friday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 26.13 and a beta of 1.75. The business has a 50 day simple moving average of $36.32 and a 200 day simple moving average of $29.62. Propel Holdings Inc. has a 12-month low of $12.10 and a 12-month high of $40.88.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.15 per share. This is an increase 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 1.61%. Propel’s payout ratio is 39.16%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PRL. Raymond James lifted their price target on Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Canaccord Genuity Group upgraded Propel to a “strong-buy” rating in a research note on Friday, October 4th. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average 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.