Steven Kenneth Hudson Buys 200,000 Shares of ECN Capital Corp. (TSE:ECN) Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson purchased 200,000 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of C$2.63 per share, for a total transaction of C$525,080.00.

ECN Capital Stock Down 2.4 %

Shares of TSE:ECN opened at C$2.46 on Wednesday. The firm has a fifty day moving average price of C$3.00 and a two-hundred day moving average price of C$2.80. The company has a market cap of C$493.68 million, a price-to-earnings ratio of -10.99, a PEG ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81. ECN Capital Corp. has a one year low of C$1.60 and a one year high of C$3.52.

ECN Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, March 20th. ECN Capital’s payout ratio is -17.87%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ECN shares. National Bank Financial lowered shares of ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd. CIBC boosted their price objective on ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$2.77.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.