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 the firm’s stock in a transaction on Monday, November 18th. The stock was 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 Trading Up 1.0 %

ECN stock opened at C$2.90 on Wednesday. ECN Capital Corp. has a 1-year low of C$1.60 and a 1-year 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 business’s 50 day moving average is C$2.25 and its 200-day moving average is C$2.01. The firm has a market cap of C$815.25 million, a P/E ratio of -8.70, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

Analyst Ratings Changes

A number of brokerages have recently commented on ECN. Cormark upped their price objective on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets upped their price target on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. CIBC upped their target price on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Finally, National Bankshares raised their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ECN Capital presently has a consensus 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.