ECN Capital Corp. (TSE:ECN – Get Rating) Director Steven Kenneth Hudson purchased 100,000 shares of the firm's stock in a transaction on Friday, September 23rd. The stock was acquired at an average cost of C$4.78 per share, with a total value of C$477,900.00. Following the transaction, the director now directly owns 11,549,219 shares in the company, valued at C$55,193,717.60.

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

• On Tuesday, August 30th, Steven Kenneth Hudson purchased 35,391 shares of ECN Capital stock. The stock was acquired at an average cost of C$5.82 per share, with a total value of C$206,103.03.
• On Friday, August 26th, Steven Kenneth Hudson purchased 135,000 shares of ECN Capital stock. The stock was acquired at an average cost of C$5.88 per share, with a total value of C$794,434.50.

ECN Capital Stock Down 1.0 %

ECN Capital stock opened at C$4.72 on Tuesday. ECN Capital Corp. has a fifty-two week low of C$4.60 and a fifty-two week high of C$12.24. The company has a debt-to-equity ratio of 365.53, a quick ratio of 3.62 and a current ratio of 3.73. The company has a market capitalization of C$1.16 billion and a P/E ratio of 42.91. The stock has a 50-day simple moving average of C$5.82 and a 200-day simple moving average of C$5.98.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, October 3rd will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Wednesday, September 14th. ECN Capital's payout ratio is currently 35.72%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ECN. Cormark decreased their price objective on shares of ECN Capital from C$8.25 to C$7.50 in a research report on Friday, August 26th. TD Securities lifted their price target on ECN Capital from C$8.00 to C$8.50 and gave the stock a "buy" rating in a report on Tuesday, August 9th. National Bankshares lifted their price target on ECN Capital from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a report on Friday, August 12th. BMO Capital Markets decreased their price target on ECN Capital from C$8.00 to C$7.50 in a report on Friday, August 26th. Finally, CIBC lifted their price target on ECN Capital from C$7.50 to C$8.75 and gave the stock an "outperform" rating in a report on Friday, August 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, ECN Capital presently has an average rating of "Moderate Buy" and a consensus price target of C$8.48.

About ECN Capital

(Get Rating)

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America. It operates through Secured Consumer Loans – Triad Financial Services and Source One; and Consumer Credit Card and Related Unsecured Consumer Loans – KG segments. The company provides secured consumer loan portfolios, including manufactured home, marine, and recreational vehicle loans; and consumer credit card portfolios that are focused on co-branded credit cards and related financial products.

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