Propel Holdings Inc. (TSE:PRL) Senior Officer Noah Buchman Sells 18,800 Shares

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Noah Buchman sold 18,800 shares of the company's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $37.40, for a total value of $703,120.00.

Propel Price Performance

TSE PRL traded down $0.52 on Friday, hitting $36.85. 89,083 shares of the company were exchanged, compared to its average volume of 102,813. Propel Holdings Inc. has a twelve month low of $12.10 and a twelve month high of $40.88. The firm has a market capitalization of $1.27 billion, a P/E ratio of 25.77 and a beta of 1.75. The company's 50 day moving average price is $36.38 and its 200-day moving average price is $29.76.

Propel Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PRL shares. Ventum Financial set a C$38.00 price objective on Propel and gave the company a "buy" rating in a research report on Wednesday, October 9th. Ventum Cap Mkts upgraded shares of Propel to a "strong-buy" rating in a report on Tuesday, October 8th. Stephens upgraded shares of Propel to a "strong-buy" rating in a report on Wednesday, November 13th. Canaccord Genuity Group raised shares of Propel to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Eight Capital lifted their price objective on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Propel presently has a consensus rating of "Buy" and a consensus 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.