Propel (TSE:PRL) Insider Sells $237,808.56 in Stock

Propel Holdings Inc. (TSE:PRL – Get Free Report) insider Cindy Usprech sold 9,196 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $25.86, for a total value of $237,808.56.

Cindy Usprech also recently made the following trade(s):

Get Propel alerts:

• On Tuesday, September 1st, Cindy Usprech sold 2,000 shares of Propel stock. The shares were sold at an average price of $25.08, for a total value of $50,160.00.

Propel Price Performance

TSE:PRL opened at $24.99 on Monday. The company has a market capitalization of $983.66 million, a PE ratio of 18.24 and a beta of 0.89. Propel Holdings Inc. has a 52-week low of $17.24 and a 52-week high of $31.38. The stock has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $23.15.

Propel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were paid a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Propel’s previous quarterly dividend of $0.24. Propel’s dividend payout ratio is currently 46.03%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PRL. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and raised their price target for the stock from C$31.00 to C$38.00 in a research report on Thursday, August 6th. Scotia upped their price objective on Propel from C$27.00 to C$29.00 and gave the company 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 company a “buy” rating in a research note on Monday, August 31st. Ventum lifted their price objective 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. Finally, TD raised their price target on shares of Propel from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. 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 company’s stock. According to data from MarketBeat.com, Propel has an average rating of “Buy”.

View Our Latest Stock Report on Propel

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).

Recommended Stories

• Five stocks we like better than Propel
• Data Centers Got the AI Hype—But Office REITs May Get the Rent Hikes
• 2 Cybersecurity Stocks Breaking Out as AI Continues to Be a Tailwind
• 3 More AI Infrastructure Plays Beyond the Big Names
• CAVA Stock Slips: Sector Fear or Valuation Reality?

Receive News & Ratings for Propel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Propel and related companies with MarketBeat.com's FREE daily email newsletter.