Jonathan Ari Goler Buys 500 Shares of Propel Holdings Inc. (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Jonathan Ari Goler purchased 500 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of $22.90 per share, with a total value of $11,450.00.

Propel Stock Down 3.1 %

Shares of PRL traded down $0.77 during midday trading on Friday, hitting $23.83. The company's stock had a trading volume of 165,436 shares, compared to its average volume of 214,066. Propel Holdings Inc. has a one year low of $15.15 and a one year high of $43.36. The company's fifty day simple moving average is $32.55 and its two-hundred day simple moving average is $33.58. The stock has a market capitalization of $663.45 million, a price-to-earnings ratio of 14.74 and a beta of 1.75.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, March 5th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from Propel's previous quarterly dividend of $0.15. This represents a $2.64 annualized dividend and a dividend yield of 11.08%. Propel's payout ratio is 34.64%.

Analysts Set New Price Targets

PRL has been the topic of a number of research reports. Scotiabank decreased their price objective on Propel from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Raymond James dropped their price objective on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy" and an average target price of $42.75.

Remove Ads

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.