Eimskip Purchases 85,000 Shares for ISK 22.78 Million Under Buy-Back Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Buy-Back Program Execution: In week 3 of 2025, Eimskip purchased 85,000 shares for ISK 22.78 million, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
- Total Buy-Back Update: To date, Eimskip has repurchased a total of 2,209,680 shares under the buy-back program, spending ISK 659,843,000, nearing the ISK 750,000,000 cap, indicating proactive capital management.
- Shareholding Proportion Change: After the buy-back, Eimskip holds 3,935,000 shares, equivalent to 2.37% of issued shares, which not only strengthens the company's market control but may also boost investor confidence.
- Compliance Assurance: The buy-back adheres to the Icelandic Act on Public Limited Companies and EU market abuse regulations, ensuring transaction transparency and compliance, thereby enhancing investor trust in corporate governance.
Analyst Views on EIM
Wall Street analysts forecast EIM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About EIM
Eaton Vance Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax. The Fund invests primarily in debt securities issued by municipalities. The Fund may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a special-purpose vehicle (SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Fund may purchase derivative instruments, which derive their value from another instrument, security, or index, including financial futures contracts and related options, interest rate swaps and forward rate contracts. The Fund may also invest in residual interests of a trust (the trust) that holds municipal securities (RIBs). The investment adviser of the Fund is Eaton Vance Management (EVM or Eaton Vance).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
