Scott William Shaw Purchases 216,200 Shares of ECN Capital Corp (ECN) Stock

ECN Capital Corp (TSE:ECN) insider Scott William Shaw bought 216,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was bought at an average cost of C$3.55 per share, for a total transaction of C$767,510.00.

TSE:ECN traded up C$0.07 on Wednesday, reaching C$3.62. 499,647 shares of the company’s stock traded hands, compared to its average volume of 1,225,356. ECN Capital Corp has a 12 month low of C$3.31 and a 12 month high of C$4.40.

ECN Capital (TSE:ECN) last posted its quarterly earnings results on Thursday, August 9th. The company reported C$0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.05. The business had revenue of C$79.58 million for the quarter, compared to the consensus estimate of C$55.90 million.



The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.10%.

A number of equities research analysts have commented on the company. CIBC raised their price target on ECN Capital from C$5.00 to C$5.50 in a report on Monday, May 14th. BMO Capital Markets raised their price target on ECN Capital from C$5.20 to C$5.60 in a report on Friday, May 11th. Raymond James raised their price target on ECN Capital from C$4.75 to C$5.00 and gave the company an “outperform” rating in a report on Monday, May 14th. TD Securities raised their price target on ECN Capital from C$4.75 to C$5.00 and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Scotiabank raised their price target on ECN Capital from C$4.75 to C$5.00 and gave the company an “outperform” rating in a report on Friday, May 11th. Six equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$5.07.

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. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

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Insider Buying and Selling by Quarter for ECN Capital (TSE:ECN)

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