ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson Acquires 200,000 Shares of Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson purchased 200,000 shares of ECN Capital stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average price of C$1.89 per share, with a total value of C$377,400.00.

ECN Capital Stock Up 4.4 %

Shares of TSE ECN opened at C$1.91 on Thursday. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. ECN Capital Corp. has a 12 month low of C$1.60 and a 12 month high of C$3.38. The firm has a market capitalization of C$534.70 million, a PE ratio of -3.24, a price-to-earnings-growth ratio of 0.24 and a beta of 1.29. The firm has a fifty day simple moving average of C$2.59 and a two-hundred day simple moving average of C$2.49.

ECN Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, April 8th. This represents a $0.04 dividend on an annualized basis and a yield of 2.09%. ECN Capital’s dividend payout ratio is currently -6.78%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating on the stock in a research report on Friday, March 22nd. BMO Capital Markets cut their price target on shares of ECN Capital from C$2.60 to C$2.00 in a research note on Tuesday. CIBC cut their price target on shares of ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a research note on Monday. National Bankshares cut their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. Finally, TD Securities cut their price objective on shares of ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Friday, March 22nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, ECN Capital has an average rating of “Hold” and a consensus target price of C$2.45.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.