Insider Selling: ECN Capital Corp. (TSE:ECN) Director Sells 100,000 Shares of Stock

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

ECN Capital Stock Up 3.4 %

TSE ECN traded up C$0.10 during trading hours on Friday, reaching C$3.00. 232,533 shares of the company traded hands, compared to its average volume of 326,524. ECN Capital Corp. has a 12 month low of C$1.60 and a 12 month high of C$3.25. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The stock has a market capitalization of C$843.36 million, a PE ratio of -8.67, a PEG ratio of 0.24 and a beta of 1.35. The company has a 50 day moving average of C$2.23 and a two-hundred day moving average of C$2.00.

ECN Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ECN shares. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Cormark upped their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research note on Tuesday. CIBC upped their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. National Bankshares upped their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Finally, BMO Capital Markets upped their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$2.66.

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.