Insider Buying: Exchange Income Co. (EIF) Director Acquires 1,100 Shares of Stock
Exchange Income Co. (TSE:EIF) Director Brad Bennett acquired 1,100 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of C$28.40 per share, for a total transaction of C$31,240.00.
Brad Bennett also recently made the following trade(s):
- On Tuesday, August 1st, Brad Bennett purchased 5,000 shares of Exchange Income stock. The stock was acquired at an average cost of C$29.45 per share, for a total transaction of C$147,250.00.
- On Thursday, July 27th, Brad Bennett purchased 10,000 shares of Exchange Income stock. The stock was acquired at an average cost of C$26.90 per share, for a total transaction of C$269,000.00.
- On Wednesday, July 26th, Brad Bennett purchased 3,500 shares of Exchange Income stock. The stock was acquired at an average cost of C$26.00 per share, for a total transaction of C$91,000.00.
Exchange Income Co. (TSE EIF) traded up 0.27% during midday trading on Friday, hitting $29.80. The stock had a trading volume of 108,957 shares. The company’s 50-day moving average price is $30.66 and its 200 day moving average price is $35.84. Exchange Income Co. has a 52 week low of $25.80 and a 52 week high of $45.28. The company has a market capitalization of $921.15 million and a PE ratio of 13.89.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date is Thursday, July 27th. This is an increase from Exchange Income’s previous monthly dividend of $0.16.
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EIF has been the topic of several recent research reports. Scotiabank decreased their price objective on Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a report on Thursday, May 11th. Canaccord Genuity decreased their price target on Exchange Income from C$49.00 to C$44.00 and set a “buy” rating on the stock in a research note on Thursday, May 11th. CIBC cut their price objective on Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Royal Bank Of Canada cut their price objective on Exchange Income from C$42.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Thursday, May 11th. Finally, TD Securities upgraded Exchange Income from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$44.00 to C$45.00 in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Exchange Income presently has a consensus rating of “Buy” and a consensus price target of C$43.56.
About Exchange Income
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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