ECN Capital Corp. (TSE: ECN- Get a rating) Senior officer James Barry purchased 10,000 shares of the company in a trade dated Friday, September 23. The stock was purchased at an average cost of CA$4.77 per share, with a total value of CA$47,700.00. Following the transaction, the insider now directly owns 104,793 shares of the company, valued at approximately C$499,862.61.
Performance of ECN share capital
ECN Capital’s stock traded C$0.03 lower at midday Monday, hitting C$4.74. 212,884 shares of the stock have traded, compared to its average volume of 564,317. The company has a current ratio of 3.73, a quick ratio of 3.62 and a debt ratio of 365.53. The company has a fifty-day moving average price of C$5.84 and a two-hundred-day moving average price of C$5.99. The company has a market cap of C$1.17 billion and a price-to-earnings ratio of 43.09. ECN Capital Corp. has a fifty-two week minimum of C$4.60 and a fifty-two week maximum of C$12.24.
ECN Capital (TSE:ECN – Get a rating) last reported results on Thursday, August 11. The company reported earnings per share (EPS) of C$0.11 for the quarter, beating consensus analyst estimates of C$0.09 by C$0.02. The company posted revenue of C$104.10 million for the quarter, compared to analyst estimates of C$99.06 million. On average, equity research analysts predict that ECN Capital Corp. will show 0.45 earnings per share for the current year.
ECN Capital announces a dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3. Shareholders of record on Monday, October 3 will receive a dividend of $0.01 per share. This represents a dividend of $0.04 on an annualized basis and a yield of 0.84%. The ex-dividend date is Wednesday, September 14. ECN Capital’s payout ratio is 35.72%.
Changes to analyst ratings
ECN has been the subject of several research analyst reports. Raymond James lowered his price target on ECN Capital shares from CA$8.00 to CA$7.50 and set an “outperform” rating for the company in a Thursday, August 25 research report. TD Securities raised its price target on ECN Capital shares from C$8.00 to C$8.50 and gave the company a “buy” rating in a Tuesday, August 9 research report . National Bankshares raised its price target on ECN Capital shares from CA$8.00 to CA$8.50 and gave the company an “outperform” rating in a Friday, Aug. 12 research report. CIBC raised its price target for ECN Capital shares from C$7.50 to C$8.75 and gave the company an “outperform” rating in a Friday, Aug. 12 research report. Finally, Cormark lowered its price target on ECN Capital shares from C$8.25 to C$7.50 in a Friday, August 26 research report. One analyst gave the stock a hold rating and seven gave the company’s stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$8.48.
About ECN Capital
ECN Capital Corp. creates, manages and advises leading consumer credit portfolios in North America. It operates through secured consumer loans – Triad Financial Services and Source One; and Consumer Credit Cards and Related Unsecured Consumer Loans – KG segments. The company offers secured consumer loan portfolios, including loans for manufactured homes, marine and recreational vehicles; and consumer credit card portfolios focused on co-branded credit cards and related financial products.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to email@example.com.
Before you consider ECN Capital, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and ECN Capital was not on the list.
Although ECN Capital currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here