ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson Acquires 200,000 Shares

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson acquired 200,000 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of C$2.63 per share, for a total transaction of C$525,080.00.

ECN Capital Stock Up 6.5 %

TSE ECN opened at C$2.62 on Thursday. The stock’s 50 day moving average is C$2.97 and its 200 day moving average is C$2.81. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13. ECN Capital Corp. has a 12 month low of C$1.60 and a 12 month high of C$3.52. The stock has a market cap of C$525.79 million, a PE ratio of -11.71, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, March 20th. ECN Capital’s payout ratio is -17.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. CIBC lifted their price objective on ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a research report on Thursday, January 30th. National Bank Financial cut ECN Capital from a “strong-buy” rating to a “hold” rating in a report on Sunday, February 2nd. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, ECN Capital presently has an average rating of “Hold” and a consensus price target of C$2.77.

ECN Capital Company Profile

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.