Cindy Usprech Sells 2,000 Shares of Propel (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRL) insider Cindy Usprech sold 2,000 shares of Propel stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $25.08, for a total transaction of $50,160.00.

Propel Price Performance

Shares of Propel stock traded up $0.36 during trading hours on Friday, reaching $26.09. The company’s stock had a trading volume of 63,946 shares, compared to its average volume of 239,007. The firm has a 50 day moving average price of $25.51 and a 200-day moving average price of $22.75. Propel Holdings Inc. has a one year low of $17.24 and a one year high of $35.28. The stock has a market cap of $1.03 billion, a P/E ratio of 19.04 and a beta of 0.89.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were given a $0.255 dividend. This is an increase from Propel’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, August 14th. Propel’s dividend payout ratio (DPR) is 46.03%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PRL shares. TD Securities upgraded Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Stifel Nicolaus set a C$38.00 price target on Propel and gave the company a “buy” rating in a report on Monday, August 31st. Scotia lifted their price objective on shares of Propel from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. ATB Cormark Capital Markets boosted their price objective on shares of Propel from C$29.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Ventum increased their target price on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Propel currently has an average rating of “Buy”.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).