Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech Sells 5,600 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Cindy Usprech sold 5,600 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $36.13, for a total value of $202,345.92.

Cindy Usprech also recently made the following trade(s):

• On Monday, November 18th, Cindy Usprech sold 859 shares of Propel stock. The shares were sold at an average price of $38.30, for a total value of $32,899.70.

Propel Trading Down 1.4 %

Shares of TSE PRL traded down $0.52 during midday trading on Friday, reaching $36.85. The company had a trading volume of 89,083 shares, compared to its average volume of 102,813. Propel Holdings Inc. has a 1 year low of $12.10 and a 1 year high of $40.88. The business's 50-day simple moving average is $36.38 and its 200 day simple moving average is $29.76. The stock has a market cap of $1.27 billion, a P/E ratio of 25.77 and a beta of 1.75.

Propel Increases Dividend

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

Wall Street Analysts Forecast Growth

PRL has been the topic of a number of recent analyst reports. Scotiabank cut shares of Propel from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Canaccord Genuity Group upgraded shares of Propel to a "strong-buy" rating in a research note on Friday, October 4th. Stephens raised Propel to a "strong-buy" rating in a research report on Wednesday, November 13th. Raymond James increased their price objective on Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Finally, Eight Capital upped their target price on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average 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.