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

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

Propel Price Performance

PRL stock opened at $26.09 on Monday. The company’s 50-day moving average is $25.51 and its 200-day moving average is $22.73. The stock has a market capitalization of $1.03 billion, a PE ratio of 19.04 and a beta of 0.89. Propel Holdings Inc. has a 1 year low of $17.24 and a 1 year high of $35.28.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were issued a $0.255 dividend. The ex-dividend date was Friday, August 14th. 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%. Propel’s dividend payout ratio is currently 46.03%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PRL shares. TD upped their target price on Propel from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Stifel Nicolaus set a C$38.00 price target on shares of Propel and gave the company a “buy” rating in a research note on Monday, August 31st. 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 note on Friday, August 7th. Raymond James Financial upgraded shares of Propel from a “moderate buy” rating to a “strong-buy” rating and upped their price objective for the stock from C$31.00 to C$38.00 in a report on Thursday, August 6th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Propel from C$29.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

About Propel

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).