Canoe EIT Income Fund (ENDTF) Stock Price, News & Analysis

Company Overview

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of mid-cap and large-cap companies. It invests in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers. The fund was formerly known as EnerVest Diversified Income Trust. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada.

Key Stats

• Today's Range: C$10.40 to C$10.40
• 50-Day Range: C$10.40 to C$11.29
• 52-Week Range: C$8.06 to C$11.75
• Volume: 1,901 shs
• Average Volume: 2,817 shs
• Market Capitalization: C$1.24 billion
• P/E Ratio: 2.95
• Dividend Yield: 5.77%
• Price Target: N/A
• Consensus Rating: N/A

Canoe EIT Income Fund Stock Analysis - MarketRank™

Canoe EIT Income Fund scored higher than 36% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Canoe EIT Income Fund.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Canoe EIT Income Fund is 2.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canoe EIT Income Fund is 2.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.79.

Price to Book Value per Share Ratio

Canoe EIT Income Fund has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.01% of the outstanding shares of Canoe EIT Income Fund have been sold short.

Short Interest Ratio / Days to Cover

Canoe EIT Income Fund has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Canoe EIT Income Fund has recently decreased by 85.71%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Canoe EIT Income Fund is a leading dividend payer. It pays a dividend yield of 12.92%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Canoe EIT Income Fund does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canoe EIT Income Fund is 17.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.01% of the outstanding shares of Canoe EIT Income Fund have been sold short.

Short Interest Ratio / Days to Cover

Canoe EIT Income Fund has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Canoe EIT Income Fund has recently decreased by 85.71%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: -0.47

News Sentiment

Canoe EIT Income Fund has a news sentiment score of -0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Canoe EIT Income Fund this week, compared to 1 article on an average week.

MarketBeat Follows

2 people have added Canoe EIT Income Fund to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Canoe EIT Income Fund insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 0.44% of the stock of Canoe EIT Income Fund is held by institutions.

ENDTF Stock Analysis - Frequently Asked Questions

How have ENDTF shares performed this year?

Canoe EIT Income Fund's stock was trading at C$9.77 on January 1st, 2024. Since then, ENDTF shares have increased by 6.5% and is now trading at C$10.40.
View the best growth stocks for 2024 here.

How do I buy shares of Canoe EIT Income Fund?

Shares of ENDTF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 12/13 Dividend: 11/22/2024
• Dividend Payable: 12/13/2024
• Ex-Dividend for 1/15 Dividend: 12/20/2024
• Today: 12/21/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Finance
• Industry: Asset Management
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:ENDTF
• CUSIP: N/A
• CIK: N/A
• Web: www.canoefinancial.com
• Phone: 800-459-3384
• Fax: N/A
• Employees: 93
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 2.95
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 29.91
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: C$-44,081,000.00
• Price / Sales: -28.17
• Cash Flow: C$1.65 per share
• Price / Cash Flow: 6.32
• Book Value: C$8.82 per share
• Price / Book: 1.18

Miscellaneous

• Outstanding Shares: 119,404,000
• Free Float: N/A
• Market Cap: C$1.24 billion
• Optionable: Not Optionable
• Beta: N/A