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.
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