Insider buying: ECN Capital Corp. (TSE: ECN) Senior executive buys 25,000 shares

ECN Capital Corp. (TSE: ECN- Get a rating) Senior officer Michael Shane Lepore acquired 25,000 shares in a trade on Friday, August 26. The shares were purchased at an average price of CA$5.85 per share, for a total transaction of CA$146,297.50. Following the purchase, the insider now owns 614,347 shares of the company, valued at C$3,595,097.21.

Performance of ECN share capital

TSE:ECN traded lower C$0.12 during Monday trading hours, hitting C$5.76. The company had a trading volume of 942,492 shares, compared to an average volume of 569,371. The company’s 50-day moving average price is C$6.02 and its 200-day moving average price is 6. $08 CAD. The company has a market cap of C$1.42 billion and a price-to-earnings ratio of 58.80. ECN Capital Corp. has a 52-week low of C$4.60 and a 52-week high of C$12.24. The company has a current ratio of 3.73, a quick ratio of 3.62 and a debt ratio of 365.53.

Wall Street analysts predict growth

Several stock analysts have recently released reports on the company. CIBC raised its price target on ECN Capital from CA$7.50 to CA$8.75 and gave the company an “outperform” rating in a Friday, Aug. 12 research note. Cormark cut its target price on ECN Capital from C$8.25 to C$7.50 in a report on Friday. TD Securities raised its target price on ECN Capital from C$8.00 to C$8.50 and gave the company a “buy” rating in a Tuesday, Aug. 9 research report. National Bankshares raised its target price on ECN Capital from CA$8.00 to CA$8.50 and gave the stock an “outperform” rating in a Friday, August 12 research note. Finally, Raymond James lowered his target price on ECN Capital from CA$8.00 to CA$7.50 and gave the stock an “outperform” rating in a research report on Thursday. One equity research analyst gave the stock a hold rating and seven gave the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$8.48.

About ECN Capital

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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 portfolios focused on co-branded credit cards and related financial products.

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