A director of ECN Capital Corp. (TSE: ECN) buys C$88,363.50 of shares

ECN Capital Corp. (TSE: ECN- Get a rating) Director Karen Lynne Martin acquired 15,000 shares of the company in a transaction dated Tuesday, May 24. The shares were acquired at an average cost of CA$5.89 per share, with a total value of CA$88,363.50. As a result of the purchase, the administrator now directly owns 101,655 shares of the company, valued at approximately C$598,839.44.

Shares of ECN Capital traded C$0.15 lower in Tuesday’s trading, hitting C$5.68. The company’s shares had a trading volume of 202,035 shares, compared to an average volume of 672,476. The company has a debt ratio of 167.26, a quick ratio of 1.12 and a current ratio of 1, 17. The company has a fifty-day simple moving average of C$6.21 and a two-hundred-day simple moving average of C$7.11. The company has a market capitalization of C$1.40 billion and a PE ratio of 1.17. ECN Capital Corp. has a 52-week low of C$4.60 and a 52-week high of C$12.24.

ECN Capital (TSE:ECN – Get a rating) last released its quarterly results on Tuesday, March 1. The company reported earnings per share (EPS) of C$0.08 for the quarter, beating the consensus estimate of C$0.05 by C$0.03. The company recorded revenue of C$87.59 million in the quarter, compared to the consensus estimate of C$82.55 million. As a group, analysts predict that ECN Capital Corp. will show an EPS of 0.5083056 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.01 per share. This represents an annualized dividend of $0.04 and a yield of 0.70%. The ex-dividend date is Tuesday, June 14. The dividend payout ratio (DPR) of ECN Capital is 1.11%.

A number of equity research analysts have recently released reports on the stock. BMO Capital Markets assumed coverage for ECN Capital stocks in a Wednesday, March 2 research note. They issued a “buy” rating and a price target of C$7.00 for the company. TD Securities raised its price target on ECN Capital shares from C$7.50 to C$8.00 and gave the company a “buy” rating in a report released Tuesday, May 10. CIBC raised its price target on ECN Capital shares from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report released Thursday, March 3. Standpoint Research raised its price target on ECN Capital shares from C$6.00 to C$7.50 and gave the company a “buy” rating in a report on Thursday, February 10. Finally, National Bankshares raised its price target on ECN Capital shares from C$6.50 to C$8.00 and gave the company an “outperform” rating in a report on Thursday, February 10. One equity research analyst gave the stock a hold rating and seven gave the stock a buy rating. According to data from MarketBeat, the company currently has a consensus buy rating and a consensus target price of C$8.60.

About ECN Capital (Get a rating)

ECN Capital Corp. creates, manages and advises leading consumer credit portfolios in North America. It operates through secured consumer loans – Triad Financial Services and Source One; and Consumer Credit Cards and Related Unsecured Consumer Loans – KG segments. The company offers secured consumer loan portfolios, including loans for manufactured homes, marine and recreational vehicles; and consumer credit card wallets focused on co-branded credit cards and related financial products.

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