Key Points
- Propel insider Cindy Usprech sold 2,000 shares at an average price of C$25.08, for total proceeds of C$50,160.
- Propel raised its quarterly dividend to C$0.255 per share, representing an annualized dividend of C$1.02 and a 3.9% yield.
- Analyst sentiment remains positive: the stock has a consensus “Buy” rating, with several brokerages recently increasing their price targets to as high as C$38.
Propel Holdings Inc. (TSE:PRL - Get Free Report) insider Cindy Usprech sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.08, for a total transaction of $50,160.00.
Propel Stock Performance
PRL stock opened at $26.09 on Friday. The company has a fifty day moving average price of $25.51 and a 200-day moving average price of $22.75. The company has a market capitalization of $1.03 billion, a P/E ratio of 19.04 and a beta of 0.89. Propel Holdings Inc. has a 52-week low of $17.24 and a 52-week high of $35.28.
Propel Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were paid a $0.255 dividend. This is a positive change from Propel's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 14th. Propel's payout ratio is presently 46.03%.
Analyst Ratings Changes
Several brokerages recently issued reports on PRL. Ventum raised their target price on Propel from C$30.00 to C$34.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. ATB Cormark Capital Markets increased their price target on Propel from C$29.00 to C$38.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Scotia raised their price objective on Propel from C$27.00 to C$29.00 and gave the stock a "sector perform" rating in a research report on Friday, August 7th. Stifel Nicolaus set a C$38.00 price objective on Propel and gave the stock a "buy" rating in a research note on Monday, August 31st. Finally, Raymond James Financial raised Propel from a "moderate buy" rating to a "strong-buy" rating and lifted their price objective for the stock from C$31.00 to C$38.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
View Our Latest Analysis on PRL
Propel Company Profile
(
Get Free Report)
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).
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