Steven Kenneth Hudson Sells 100,000 Shares of ECN Capital Corp. (TSE:ECN) Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$2.92, for a total transaction of C$292,300.00.

ECN Capital Stock Up 3.4 %

Shares of ECN stock opened at C$3.00 on Friday. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The stock has a market cap of C$843.36 million, a PE ratio of -9.09, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The business’s fifty day moving average is C$2.25 and its 200-day moving average is C$2.01. ECN Capital Corp. has a 1 year low of C$1.60 and a 1 year high of C$3.25.

ECN Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

Analysts Set New Price Targets

ECN has been the subject of a number of recent research reports. National Bankshares boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. BMO Capital Markets raised their target price on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. CIBC boosted their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Finally, Cormark raised their price target on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, ECN Capital presently has an average rating of “Hold” and an average target price of C$2.52.

About ECN Capital

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