Clive Kinross Sells 30,000 Shares of Propel Holdings Inc. (TSE:PRL) Stock

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

Propel Stock Performance

TSE:PRL opened at $36.03 on Friday. The stock has a 50-day simple moving average of $35.92 and a two-hundred day simple moving average of $28.87. The firm has a market capitalization of $1.24 billion, a PE ratio of 25.20 and a beta of 1.75. Propel Holdings Inc. has a 52-week low of $12.10 and a 52-week high of $40.88.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. 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 1.67%. Propel’s payout ratio is 39.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stephens raised Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$38.00 target price on Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Eight Capital raised their target price on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Raymond James upped their price target on shares of Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Finally, Scotiabank downgraded shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.