Off-market insider selling at Echelon Financial Hldgs. (EFH)

Off-market insider selling at Echelon Financial Hldgs. (T:EFH)

Cymbria Corporation, a 10% Holder, disposed of 1,400,000 Common Shares on a direct ownership basis at a price of $1.350 through a private transaction on September 29th, 2020. This represents a $1,890,000 divestment of the company's shares and an account share holdings change of -100.0%.

Echelon Financial Hldgs. is in the Property & Casualty Insurance Sub Industry Group under the Financials Sector.

Echelon Financial Holdings Inc. is a Canada-based company engaged in property and casualty insurance business. The Company operates through two segments: Personal Lines and Commercial Lines businesses. Through its Personal Lines segment, the Company is engaged primarily in the underwriting of non-standard automobile insurance and insurance for motorcycles, antique and classic vehicles, trailers, motor-homes, recreational vehicles and personal property. Through its Commercial Lines, the Company designs and underwrites specialized insurance programs, such as commercial property, commercial automobile, long-haul trucking, surety, liability, creditor insurance, and extended warranty. The Company's subsidiaries include CIM Reinsurance Company Ltd. (CIM Re), CUISA Managing General Agency Corporation (CUISA MGA) and The Insurance Company of Prince Edward Island (ICPEI). Echelon Financial Holdings Inc. (EFH) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, one insider has divested a net amount of $1,890,000.