Propel Holdings Inc. (TSE:PRL) Director Sells $1,103,817.00 in Stock

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

Propel Stock Performance

Propel stock traded up $1.28 during midday trading on Thursday, reaching $34.91. 48,995 shares of the stock were exchanged, compared to its average volume of 102,093. Propel Holdings Inc. has a 52 week low of $12.10 and a 52 week high of $40.88. The firm has a market cap of $1.20 billion, a PE ratio of 24.41 and a beta of 1.75. The company’s fifty day moving average is $35.81 and its 200-day moving average is $28.73.

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 $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. This is a boost from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio is presently 39.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank downgraded shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Ventum Financial set a C$38.00 target price on shares of Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Raymond James raised their price target on Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Finally, Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.