Propel (TSE:PRL) Insider Sells 9,196 Shares of Stock

Propel Holdings Inc. (TSE:PRL) insider Cindy Usprech sold 9,196 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $25.86, for a total value of $237,808.56.

Cindy Usprech also recently made the following trade(s):

• On Tuesday, September 1st, Cindy Usprech sold 2,000 shares of Propel stock. The stock was sold at an average price of $25.08, for a total value of $50,160.00.

Propel Price Performance

TSE PRL traded down $0.14 during mid-day trading on Friday, hitting $24.99. The stock had a trading volume of 131,928 shares, compared to its average volume of 231,084. The firm’s 50 day moving average is $25.42 and its 200 day moving average is $23.13. Propel Holdings Inc. has a twelve month low of $17.24 and a twelve month high of $31.38. The stock has a market capitalization of $983.66 million, a price-to-earnings ratio of 18.24 and a beta of 0.89.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were paid a $0.2550 dividend. This is an increase from Propel’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 14th. Propel’s payout ratio is 46.03%.

Wall Street Analyst Weigh In

PRL has been the topic of a number of research reports. TD Securities raised shares of Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. Stifel Nicolaus set a C$38.00 target price on Propel and gave the company a “buy” rating in a report on Monday, August 31st. Raymond James Financial upgraded Propel from a “moderate buy” rating to a “strong-buy” rating and lifted their price target for the stock from C$31.00 to C$38.00 in a report on Thursday, August 6th. Scotia boosted their price target on shares of Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Finally, TD raised their price objective on shares of Propel from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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).