Other analysts also recently issued research reports about the stock. National Bankshares downgraded shares of ECN Capital from an outperform rating to a sector perform rating and reduced their price objective for the stock from C$3.50 to C$2.75 in a research report on Tuesday, November 14th. BMO Capital Markets cut their target price on shares of ECN Capital from C$2.75 to C$2.60 and set a market perform rating for the company in a research note on Wednesday, November 15th. Royal Bank of Canada lifted their price objective on ECN Capital from C$2.75 to C$3.00 in a research note on Thursday, January 4th. TD Securities boosted their price objective on shares of ECN Capital from C$2.50 to C$3.00 and gave the stock a hold rating in a research note on Tuesday, January 23rd. Finally, Raymond James decreased their price target on shares of ECN Capital from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$2.94.
ECN Capital Stock Up 0.4 %
ECN Capital Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, January 2nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 14th. ECN Capital’s dividend payout ratio is presently -11.76%.
Insider Transactions at ECN Capital
In other ECN Capital news, Director Steven Kenneth Hudson bought 250,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of C$2.09 per share, for a total transaction of C$523,725.00. Insiders own 18.85% of the company’s stock.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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