Propel Holdings Inc. (TSE:PRL) Senior Officer Purchases $11,450.00 in Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Jonathan Ari Goler purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of $22.90 per share, for a total transaction of $11,450.00.

Propel Stock Down 1.1 %

Shares of PRL traded down $0.25 during midday trading on Wednesday, reaching $22.90. 50,428 shares of the stock were exchanged, compared to its average volume of 212,140. The stock’s 50 day simple moving average is $33.31 and its 200 day simple moving average is $33.65. The company has a market cap of $637.56 million, a P/E ratio of 14.17 and a beta of 1.75. Propel Holdings Inc. has a twelve month low of $14.97 and a twelve month high of $43.36.

Propel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th were paid a $0.66 dividend. This is a boost from Propel’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 19th. This represents a $2.64 annualized dividend and a yield of 11.53%. Propel’s payout ratio is 34.64%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James dropped their price objective on shares of Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Scotiabank lowered their price target on shares of Propel from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus price target of $42.75.

About Propel

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.