ECN Capital Corp. (TSE:ECN) Plans $0.01 Quarterly Dividend

ECN Capital Corp. (TSE:ECN - Get Free Report) declared a quarterly dividend on Monday, April 8th, Zacks reports. Investors of record on Friday, April 19th will be given a dividend of 0.01 per share on Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Monday, April 8th.

ECN Capital Stock Performance

ECN remained flat at C$2.00 on Friday. 152,534 shares of the company's stock were exchanged, compared to its average volume of 298,999. ECN Capital has a one year low of C$1.60 and a one year high of C$3.38. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. The company has a 50-day moving average price of C$2.48 and a 200-day moving average price of C$2.47. The company has a market cap of C$559.90 million, a P/E ratio of -3.33, a P/E/G ratio of 0.24 and a beta of 1.29.

Insider Activity at ECN Capital

In other news, Director Steven Kenneth Hudson bought 200,000 shares of the firm's stock in a transaction on Wednesday, March 27th. The shares were bought at an average cost of C$1.89 per share, for a total transaction of C$377,400.00. 18.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ECN shares. National Bankshares cut their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a "sector perform" rating for the company in a report on Friday, March 22nd. TD Securities cut their target price on shares of ECN Capital from C$3.00 to C$2.75 and set a "hold" rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada cut their target price on shares of ECN Capital from C$3.00 to C$2.25 and set a "sector perform" rating for the company in a research note on Friday, March 22nd. CIBC cut their target price on shares of ECN Capital from C$3.00 to C$1.90 and set a "neutral" rating for the company in a research note on Monday, March 25th. Finally, BMO Capital Markets cut their target price on shares of ECN Capital from C$2.60 to C$2.00 in a research note on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, ECN Capital currently has a consensus rating of "Hold" and a consensus price target of C$2.45.

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.