Insider Buying: Exchange Income Co. (TSE:EIF) Director Purchases 5,000 Shares of Stock

Exchange Income Co. (TSE:EIF) Director Donald Streuber purchased 5,000 shares of the stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of C$27.53 per share, for a total transaction of C$137,650.00.

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Shares of Exchange Income Co. (TSE:EIF) traded down 7.93% during trading on Monday, reaching $27.05. The company had a trading volume of 736,706 shares. The stock has a market capitalization of $836.14 million and a price-to-earnings ratio of 12.60. Exchange Income Co. has a 1-year low of $26.77 and a 1-year high of $45.28. The company’s 50 day moving average is $31.89 and its 200-day moving average is $36.66.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.175 dividend. The ex-dividend date is Thursday, July 27th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.33%. This is an increase from Exchange Income’s previous monthly dividend of $0.16.

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Several equities analysts have recently weighed in on EIF shares. TD Securities raised Exchange Income from a “hold” rating to a “buy” rating and increased their price target for the company from C$44.00 to C$45.00 in a report on Thursday, May 11th. CIBC lowered their price target on Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank Of Canada lowered their price target on Exchange Income from C$42.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Thursday, May 11th. Canaccord Genuity lowered their price target on Exchange Income from C$49.00 to C$44.00 and set a “buy” rating on the stock in a report on Thursday, May 11th. Finally, Scotiabank lowered their price target 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. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Exchange Income presently has an average rating of “Buy” and an average price target of C$43.56.

About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.