Insider Selling: Propel Holdings Inc. (TSE:PRL) Senior Officer Sells $199,160.00 in Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Jonathan Ari Goler sold 5,200 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $38.30, for a total transaction of $199,160.00.

Propel Price Performance

Shares of Propel stock opened at $36.63 on Friday. Propel Holdings Inc. has a one year low of $12.10 and a one year high of $40.88. The business’s 50 day simple moving average is $34.86 and its two-hundred day simple moving average is $27.87. The stock has a market capitalization of $1.26 billion, a P/E ratio of 25.62 and a beta of 1.75.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.64%. This is an increase from Propel’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 15th. Propel’s payout ratio is presently 39.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Raymond James lifted their price target on Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Ventum Financial set a C$38.00 target price on Propel and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Scotiabank lowered shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Stephens raised shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.