ECN Capital (TSE:ECN – Free Report) had its price target hoisted by National Bankshares from C$2.00 to C$2.25 in a report issued on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other research analysts have also recently commented on ECN. TD Securities lowered their price target on ECN Capital from C$2.75 to C$2.00 and set a hold rating on the stock in a report on Friday, May 3rd. CIBC lifted their price objective on ECN Capital from C$1.90 to C$2.00 in a research note on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$2.33.
Read Our Latest Analysis on ECN Capital
ECN Capital Stock Down 1.4 %
ECN Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, July 2nd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, June 14th. ECN Capital’s payout ratio is -6.67%.
Insiders Place Their Bets
In other news, Director Karen Lynne Martin acquired 25,000 shares of ECN Capital stock in a transaction on Friday, May 17th. The shares were acquired at an average price of C$1.88 per share, with a total value of C$46,887.50. Corporate insiders own 18.43% of the company’s stock.
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.
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