Insider Buying: Propel Holdings Inc. (TSE:PRL) Senior Officer Buys 500 Shares of Stock

Propel Holdings Inc. (TSE:PRL) Senior Officer Jonathan Ari Goler bought 500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average price of $22.90 per share, with a total value of $11,450.00.

Propel Trading Up 3.1 %

Shares of PRL opened at $23.87 on Thursday. The firm has a market cap of $664.56 million, a price-to-earnings ratio of 14.77 and a beta of 1.75. Propel Holdings Inc. has a 52 week low of $14.97 and a 52 week high of $43.36. The stock has a 50 day moving average of $33.03 and a 200-day moving average of $33.63.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, March 5th were given a $0.66 dividend. This is an increase from Propel’s previous quarterly dividend of $0.15. This represents a $2.64 dividend on an annualized basis and a dividend yield of 11.06%. The ex-dividend date was Wednesday, February 19th. Propel’s dividend payout ratio (DPR) is presently 34.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PRL. Raymond James dropped their target price on 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 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 note on Thursday, March 13th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Propel currently 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.