Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells $703,120.00 in Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Noah Buchman sold 18,800 shares of the business’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 Stock Performance

TSE:PRL opened at $36.85 on Monday. The firm has a market capitalization of $1.27 billion, a PE ratio of 25.77 and a beta of 1.75. The stock’s fifty day moving average is $36.38 and its 200 day moving average is $29.84. Propel Holdings Inc. has a fifty-two week low of $12.10 and a fifty-two week high of $40.88.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. This is an increase from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio is currently 39.16%.

Wall Street Analyst Weigh In

PRL has been the topic of a number of research analyst reports. Eight Capital boosted their target price on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a report on Friday, October 4th. Stephens raised shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$38.00 price target on shares of Propel and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. One investment 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 company has a consensus rating of “Buy” and a consensus target price of $41.00.

About Propel

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.