ECN Capital Corp. (TSE:ECN) Director Buys C$342,000.00 in Stock

ECN Capital Corp. (TSE:ECN) Director William Wayne Lovatt bought 200,000 shares of ECN Capital stock in a transaction dated Monday, March 25th. The shares were bought at an average cost of C$1.71 per share, with a total value of C$342,000.00.

ECN Capital Stock Up 4.4 %

ECN opened at C$1.91 on Thursday. ECN Capital Corp. has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.38. The business has a 50-day moving average of C$2.59 and a 200-day moving average of C$2.49. The company has a debt-to-equity ratio of 447.65, a current ratio of 11.69 and a quick ratio of 3.81. The company 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.

ECN Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ECN. BMO Capital Markets reduced their target price on ECN Capital from C$2.60 to C$2.00 in a report on Tuesday. Royal Bank of Canada reduced their target price on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a report on Friday, March 22nd. TD Securities reduced their price objective on 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. CIBC reduced their price objective on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a research note on Monday. Finally, National Bankshares reduced their price objective on 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. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock 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.