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 company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.30, for a total value of $32,899.70.

Propel Price Performance

Shares of PRL stock traded up $0.42 during trading hours on Tuesday, hitting $38.81. The stock had a trading volume of 175,179 shares, compared to its average volume of 95,134. The stock’s 50-day moving average price is $32.47 and its two-hundred day moving average price is $25.95. Propel Holdings Inc. has a one year low of $9.40 and a one year high of $40.88. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 26.85 and a beta of 1.75.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 15th. This is a positive change 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%. Propel’s dividend payout ratio (DPR) is 39.16%.

Wall Street Analysts Forecast Growth

PRL has been the subject of several analyst reports. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Scotiabank cut Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Stephens upgraded shares of Propel to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Eight Capital increased their price objective on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. One equities research 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 stock. According to MarketBeat.com, the stock 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.