ECN Capital (TSE:ECN – Free Report) had its price objective trimmed by CIBC from C$3.00 to C$1.90 in a report issued on Monday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
ECN has been the subject of several other research reports. TD Securities cut their target price on ECN Capital from C$3.00 to C$2.75 and set a hold rating for the company in a research report on Friday, March 22nd. National Bankshares cut their target price on ECN Capital from C$2.75 to C$2.00 and set a sector perform rating for the company in a research report on Friday, March 22nd. Finally, Royal Bank of Canada cut their target price on ECN Capital from C$3.00 to C$2.25 and set a sector perform rating for the company in a research report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, ECN Capital presently has an average rating of Hold and a consensus target price of C$2.45.
Check Out Our Latest Stock Report on ECN Capital
ECN Capital Stock Performance
ECN Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 19th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, April 8th. ECN Capital’s dividend payout ratio is presently -6.78%.
Insider Buying and Selling at ECN Capital
In related news, Director Steven Kenneth Hudson bought 200,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was purchased at an average price of C$1.89 per share, for a total transaction of C$377,400.00. 17.99% of the stock is currently owned by company insiders.
About ECN Capital
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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