ECN Capital (TSE:ECN – Free Report) had its price target upped by CIBC from C$2.00 to C$2.25 in a research report released on Thursday, BayStreet.CA reports.
Other analysts have also issued research reports about the stock. National Bankshares lifted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday. TD Securities lowered their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a hold rating for the company in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, ECN Capital presently has a consensus rating of Hold and a consensus target price of C$2.48.
Read Our Latest Stock Analysis on ECN Capital
ECN Capital Stock Performance
ECN Capital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, September 13th. ECN Capital’s payout ratio is currently -6.67%.
Insider Activity at ECN Capital
In other ECN Capital news, Director Karen Lynne Martin purchased 25,000 shares of ECN Capital stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of C$1.88 per share, with a total value of C$46,887.50. 18.43% of the stock is currently owned by insiders.
ECN Capital Company Profile
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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