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

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

ECN Capital Price Performance

ECN opened at C$1.91 on Thursday. The company’s 50-day simple moving average is C$2.59 and its two-hundred day simple moving average is C$2.49. ECN Capital Corp. has a 52-week low of C$1.60 and a 52-week high of C$3.38. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The stock has a market capitalization of C$534.70 million, a P/E ratio of -3.24, a P/E/G ratio of 0.24 and a beta of 1.29.

ECN Capital Dividend Announcement

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

Analysts Set New Price Targets

ECN has been the subject of several research analyst reports. Royal Bank of Canada dropped their target price on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research report on Friday, March 22nd. TD Securities dropped their target price on shares of ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research report on Friday, March 22nd. CIBC dropped their target price on shares of ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a research report on Monday. BMO Capital Markets dropped their target price on shares of ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday. Finally, National Bankshares dropped their target price 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 report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, ECN Capital presently has an average rating of “Hold” and an average target price of C$2.45.

ECN Capital Company Profile

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.