Propel Holdings Inc. (TSE:PRL) Senior Officer Jonathan Ari Goler Acquires 500 Shares

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

Propel Trading Up 3.1 %

Shares of PRL stock opened at $23.87 on Thursday. The company has a market cap of $664.56 million, a PE ratio of 14.77 and a beta of 1.75. The company’s fifty day simple moving average is $33.03 and its 200-day simple moving average is $33.63. Propel Holdings Inc. has a 52 week low of $14.97 and a 52 week high of $43.36.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from Propel’s previous quarterly dividend of $0.15. This represents a $2.64 annualized dividend and a yield of 11.06%. Propel’s dividend payout ratio (DPR) is 34.64%.

Analysts Set New Price Targets

PRL has been the subject of a number of research analyst reports. Raymond James dropped their price objective on shares of Propel from C$52.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Scotiabank dropped their price target on shares of Propel from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Three equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Propel currently has a consensus rating of “Strong Buy” and an average price target of $42.75.

Propel Company Profile

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.