ECN Capital Corp. (T:ECN)
Business Focus: Corporate Financial Services (NEC)
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for ECN within the last 6 months
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Company News
Mar 22, 2024 09:15 ET
BharCap Partners Acquires Red Oak Inventory Finance
GREENWICH, Conn., March 22, 2024 /PRNewswire/ -- BharCap Partners, LLC ("BharCap"), a Greenwich, CT based private investment firm focused on the financial services sector, announces the successful carve-out and acquisition of Red Oak Inventory Finance ("Red Oak" or the "Company"), a commercial lender dedicated to delivering floorplan finance solutions to manufacturers and dealers across diverse asset classes, from ECN Capital (TSX: ECN).
Mar 21, 2024 17:58 ET
Strategic Execution and Corporate Simplification Continues – ECN Capital Announces Completion of the Sale of Red Oak Inventory Finance to BharCap Partners
ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners. The transaction closed on February 21, 2024. This transaction is another milestone in ECN...
Valuation Ratios
Industry
Sector
Beta
1.39
--
--
Price to Sales - TTM
2.31
5.65
4.92
Price to Book - most recent quarter
4.26
1.90
1.61
Price to Cash Flow per share - TTM
--
8.38
8.80
Price to Free Cash Flow per share - TTM
--
17.30
20.56
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 6,244,445 | 478,802 |
| Mar 15, 2024 | 5,765,643 | -2,892 |
| Feb 29, 2024 | 5,768,535 | 71,145 |
Business Summary
| Sector: Financials | Industry: Corporate Financial Services |
ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles and Marine Finance. It operates through three businesses: Triad Financial Services, which manufactures home loans; Source One Financial, which is engaged in nationwide marine and RV lending; and Intercoastal Finance Group, which is engaged in national marine and RV lending. It provides prime credit portfolio solutions: Secured consumer loan portfolios, which manufactures home loans, and Secured consumer loan portfolios, which provides marine and RV loans.
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