ECN Capital Corp (ECN) Director Acquires C$1,500,191.04 in Stock

ECN Capital Corp (TSE:ECN) Director Steven Kenneth Hudson acquired 381,728 shares of ECN Capital stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of C$3.93 per share, with a total value of C$1,500,191.04.

Shares of ECN Capital Corp (TSE ECN) opened at C$3.85 on Thursday. ECN Capital Corp has a 52 week low of C$2.97 and a 52 week high of C$4.40.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 28th. ECN Capital’s dividend payout ratio is presently -30.77%.

A number of research firms have commented on ECN. CSFB upped their price objective on shares of ECN Capital from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. TD Securities upped their price objective on shares of ECN Capital from C$4.75 to C$5.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Raymond James Financial upped their price objective on shares of ECN Capital from C$4.75 to C$5.00 in a research note on Thursday, October 26th. Finally, Royal Bank of Canada reduced their price objective on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research note on Friday, December 15th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$4.86.

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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 in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.

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