ECN Capital (ECN) has notable insider net $ buying

ECN Capital (T:ECN)

ECN Capital Corp. (ECN) has a high amount of executive buying compared to its mid-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a net amount of $2,306,517.Mary Beth Koenig, a Senior Officer, acquired 547,800 Common Shares on a direct ownership basis at prices ranging from $2.730 and $4.072 through the public market between March 13th, 2020 and March 23rd, 2020. This represents a $2,221,427 net investment into the company's shares and an account share holdings change of greater than 100%.

Algis Vaitonis, a Senior Officer, acquired 28,844 Common Shares on a direct ownership basis at a price of $2.950 through the public market on March 19th, 2020. This represents a $85,090 investment into the company's shares and an account share holdings change of 10.4%.

ECN Capital Corp is a Canada-based finance company. The Company is focused on providing asset solutions for the financial industry. It originates, services, structures and manages financial products and provides advisory services for financial institutions. The Company is operating through three market businesses, such as Service Finance, Triad Financial Services and The Kessler Group. Its Service Finance, which provides home improvement loans. Triad Financial Services is for manufactured home loans. The Kessler Group, which offers consumer credit card portfolios. The Company is offering unsecured and secured consumer loan and credit card portfolios.