Cindy Usprech Sells 859 Shares of Propel Holdings Inc. (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech sold 859 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.30, for a total transaction of $32,899.70.

Propel Stock Down 0.4 %

Shares of PRL stock opened at $38.95 on Friday. The company has a market cap of $1.34 billion, a P/E ratio of 27.24 and a beta of 1.75. The business has a 50 day moving average of $33.20 and a two-hundred day moving average of $26.44. Propel Holdings Inc. has a 52 week low of $9.78 and a 52 week high of $40.88.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be issued a $0.15 dividend. This is an increase from Propel’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. Propel’s dividend payout ratio (DPR) is 39.16%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PRL. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a report on Tuesday, October 8th. Scotiabank cut Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Canaccord Genuity Group upgraded 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. Finally, Raymond James raised their price target on shares of Propel from C$40.00 to C$47.00 in a research report on Monday. 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target 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.