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 stock in a transaction 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 Price Performance

Shares of TSE:ECN traded up C$0.10 during trading hours on Friday, hitting C$3.00. 232,533 shares of the company’s stock traded hands, compared to its average volume of 326,524. ECN Capital Corp. has a 52 week low of C$1.60 and a 52 week high of C$3.25. 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 company’s fifty day simple moving average is C$2.23 and its two-hundred day simple moving average is C$2.00. The company has a market cap of C$843.36 million, a price-to-earnings ratio of -8.67, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

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

Analyst Upgrades and Downgrades

ECN has been the topic of a number of research reports. Cormark increased their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday. National Bankshares increased their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. BMO Capital Markets increased their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, CIBC increased their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$2.66.

ECN Capital Company Profile

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.