ECN Capital (TSE:ECN – Free Report) had its price target raised by National Bankshares from C$2.00 to C$2.25 in a research note released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other equities research analysts also recently commented on ECN. CIBC upped their price objective on shares of ECN Capital from C$1.90 to C$2.00 in a report on Friday, May 10th. TD Securities dropped their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a hold rating on the stock in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of C$2.33.
View Our Latest Research Report on ECN
ECN Capital Price Performance
ECN Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, June 14th. ECN Capital’s dividend payout ratio is presently -6.67%.
Insider Activity
In related news, Director Karen Lynne Martin purchased 25,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of C$1.88 per share, for a total transaction of C$46,887.50. Company insiders own 18.43% of the company’s stock.
About ECN Capital
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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