ECN Capital Corp (ECN) Director Paul James Stoyan Buys 24,000 Shares of Stock

ECN Capital Corp (TSE:ECN) Director Paul James Stoyan acquired 24,000 shares of the company’s stock in a transaction that occurred on Thursday, November 22nd. The stock was purchased at an average price of C$3.26 per share, for a total transaction of C$78,240.00.

ECN Capital stock traded up C$0.04 during trading on Friday, hitting C$3.25. The stock had a trading volume of 545,600 shares, compared to its average volume of 1,209,804. ECN Capital Corp has a 1 year low of C$3.13 and a 1 year high of C$4.10. The company has a current ratio of 8.84, a quick ratio of 7.51 and a debt-to-equity ratio of 68.03.

ECN Capital (TSE:ECN) last posted its quarterly earnings data on Monday, November 12th. The company reported C$0.07 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.01). The company had revenue of C$85.63 million during the quarter, compared to analyst estimates of C$65.00 million. Sell-side analysts expect that ECN Capital Corp will post 0.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.23%. ECN Capital’s payout ratio is 20.69%.

ECN has been the topic of several research analyst reports. TD Securities upped their price objective on ECN Capital from C$5.00 to C$5.50 in a research note on Friday, August 10th. National Bank Financial dropped their price objective on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Tuesday, November 13th. CIBC dropped their price objective on ECN Capital from C$5.50 to C$5.25 in a research note on Tuesday, November 13th. BMO Capital Markets dropped their price objective on ECN Capital from C$5.60 to C$5.00 in a research note on Friday, August 10th. Finally, Raymond James dropped their price objective on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Tuesday, September 25th. Seven analysts have rated the stock with a buy rating, ECN Capital has a consensus rating of “Buy” and an average target price of C$4.84.

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ECN Capital Company Profile

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

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Insider Buying and Selling by Quarter for ECN Capital (TSE:ECN)

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