ECN Capital Corp. (TSE:ECN – Get Rating) Senior Officer James Barry acquired 10,000 shares of the stock in a transaction on Friday, September 23rd. The shares were purchased at an average cost of C$4.77 per share, with a total value of C$47,700.00. Following the transaction, the insider now directly owns 104,793 shares of the company's stock, valued at approximately C$499,862.61.
ECN Capital Price Performance
TSE ECN opened at C$4.78 on Thursday. ECN Capital Corp. has a one year low of C$4.60 and a one year high of C$12.24. The stock has a 50-day moving average of C$5.78 and a 200 day moving average of C$5.96. The company has a market capitalization of C$1.18 billion and a price-to-earnings ratio of 43.45. The company has a debt-to-equity ratio of 365.53, a quick ratio of 3.62 and a current ratio of 3.73.
Get ECN Capital alerts:ECN Capital (TSE:ECN – Get Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported C$0.11 EPS for the quarter, topping the consensus estimate of C$0.09 by C$0.02. The business had revenue of C$104.10 million during the quarter, compared to the consensus estimate of C$99.06 million. On average, sell-side analysts forecast that ECN Capital Corp. will post 0.45 EPS for the current year.
ECN Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.84%. ECN Capital's dividend payout ratio is currently 35.72%.Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Raymond James reduced their price target on ECN Capital from C$8.00 to C$7.50 and set an "outperform" rating for the company in a report on Thursday, August 25th. TD Securities raised their price target on ECN Capital from C$8.00 to C$8.50 and gave the company a "buy" rating in a report on Tuesday, August 9th. CIBC raised their price target on ECN Capital from C$7.50 to C$8.75 and gave the company an "outperform" rating in a report on Friday, August 12th. BMO Capital Markets reduced their price target on ECN Capital from C$8.00 to C$7.50 in a report on Friday, August 26th. Finally, Royal Bank of Canada raised their price target on ECN Capital from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a report on Monday, August 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, ECN Capital has a consensus rating of "Moderate Buy" and an average target price of C$8.48.
ECN Capital Company Profile
(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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