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 on Tuesday, September 1st. The shares were sold at an average price of $25.08, for a total value of $50,160.00.

Propel Price Performance

Shares of Propel stock traded up $0.36 during trading on Friday, hitting $26.09. 63,946 shares of the company’s stock traded hands, compared to its average volume of 239,007. Propel Holdings Inc. has a 1 year low of $17.24 and a 1 year high of $35.28. The business has a 50-day simple moving average of $25.51 and a 200-day simple moving average of $22.75. The stock has a market capitalization of $1.03 billion, a P/E ratio of 19.04 and a beta of 0.89.

Propel Increases Dividend

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

Analyst Upgrades and Downgrades

PRL has been the subject of a number of research reports. TD Securities upgraded shares of Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. Scotia raised their price target on 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 raised their price target on Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Stifel Nicolaus set a C$38.00 price objective on Propel and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, TD upped their price objective on Propel from C$33.00 to C$37.00 and gave the company a “buy” rating in a research 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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).