Propel Holdings Inc. (TSE:PRL - Get Free Report) Senior Officer Jonathan Ari Goler sold 5,200 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $38.30, for a total value of $199,160.00.
Propel Stock Up 0.8 %
PRL opened at $37.57 on Friday. The company's 50-day moving average price is $34.75 and its 200 day moving average price is $27.66. Propel Holdings Inc. has a fifty-two week low of $12.10 and a fifty-two week high of $40.88. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 26.27 and a beta of 1.75.
Propel Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Propel's previous quarterly dividend of $0.14. Propel's payout ratio is 39.16%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Canaccord Genuity Group upgraded Propel to a "strong-buy" rating in a research note on Friday, October 4th. Ventum Cap Mkts upgraded shares of Propel to a "strong-buy" rating in a research note on Tuesday, October 8th. Ventum Financial set a C$38.00 target price on shares of Propel and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Raymond James increased their price target on shares of Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Finally, Eight Capital boosted their price objective on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $41.00.
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Propel Company Profile
(
Get Free Report)
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.
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