ECN Capital (TSE:ECN – Free Report) had its price target hoisted by CIBC from C$2.00 to C$2.25 in a research report report published on Thursday morning, BayStreet.CA reports.
Other analysts have also recently issued reports about the stock. National Bankshares boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday. TD Securities dropped their price objective on ECN Capital from C$2.75 to C$2.00 and set a hold rating on the stock in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of C$2.48.
Check Out Our Latest Analysis on ECN Capital
ECN Capital Stock Performance
ECN Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, September 13th. ECN Capital’s payout ratio is presently -6.67%.
Insider Activity
In other news, Director Karen Lynne Martin bought 25,000 shares of ECN Capital stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of C$1.88 per share, with a total value of C$46,887.50. 18.43% of the stock is currently owned by company insiders.
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.
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