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

Propel logo with Financial Services background

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

Propel Stock Up 6.7 %

TSE:PRL traded up $2.27 during trading hours on Thursday, reaching $35.90. The company had a trading volume of 181,257 shares, compared to its average volume of 102,646. The firm has a market capitalization of $1.23 billion, a PE ratio of 25.10 and a beta of 1.75. The stock has a 50-day moving average of $35.81 and a two-hundred day moving average of $28.73. Propel Holdings Inc. has a one year low of $12.10 and a one year high of $40.88.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were issued a $0.15 dividend. This is an increase from Propel's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, November 15th. Propel's payout ratio is presently 39.16%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PRL. Scotiabank lowered shares of Propel from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Canaccord Genuity Group upgraded Propel to a "strong-buy" rating in a research note on Friday, October 4th. Raymond James boosted their target price on Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Stephens raised shares of Propel to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, Ventum Financial set a C$38.00 price objective on shares of Propel and gave the stock a "buy" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Propel has an average rating of "Buy" and a consensus target price of $41.00.

Read Our Latest Analysis on Propel

About Propel

(Get Free Report)

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.

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