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

Propel Holdings Inc. (TSE:PRL – Get Free Report) 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 Stock Performance

TSE:PRL opened at $26.09 on Friday. Propel Holdings Inc. has a 52 week low of $17.24 and a 52 week high of $35.28. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 19.04 and a beta of 0.89. The firm’s 50-day simple moving average is $25.51 and its 200 day simple moving average is $22.75.

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Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders 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 dividend yield of 3.9%. The ex-dividend date was Friday, August 14th. This is a boost from Propel’s previous quarterly dividend of $0.24. Propel’s dividend payout ratio (DPR) is currently 46.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PRL shares. ATB Cormark Capital Markets raised their target price on shares of Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Ventum boosted their price target on Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and increased their price target for the stock from C$31.00 to C$38.00 in a research report on Thursday, August 6th. 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 note on Friday, August 7th. Finally, TD Securities raised Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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About Propel

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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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