Steven Kenneth Hudson Sells 20,300 Shares of ECN Capital Corp. (TSE:ECN) Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson sold 20,300 shares of ECN Capital stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10.

Steven Kenneth Hudson also recently made the following trade(s):

• On Friday, November 15th, Steven Kenneth Hudson sold 100,000 shares of ECN Capital stock. The shares were sold at an average price of C$2.92, for a total transaction of C$292,300.00.

ECN Capital Stock Down 4.3 %

Shares of ECN Capital stock traded down C$0.13 during trading on Monday, reaching C$2.87. The company had a trading volume of 157,440 shares, compared to its average volume of 325,766. The company has a market cap of C$806.81 million, a price-to-earnings ratio of -9.09, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The firm’s fifty day moving average is C$2.25 and its 200-day moving average is C$2.01. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. ECN Capital Corp. has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25.

ECN Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.39%. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ECN shares. National Bankshares boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. CIBC boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Cormark boosted their price objective 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, November 12th. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets boosted their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$2.52.

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.