Insider Buying: Aimia (TSE:AIM) Director Purchases C$28,000.00 in Stock

Aimia Inc. (TSE:AIM) Director Robert Matthew Feingold bought 10,000 shares of the stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of C$2.80 per share, for a total transaction of C$28,000.00. Following the acquisition, the director directly owned 160,362 shares in the company, valued at approximately C$449,013.60. This trade represents a 6.65% increase in their ownership of the stock.

Aimia Stock Performance

TSE:AIM opened at C$2.75 on Monday. The company has a market cap of C$242.62 million, a P/E ratio of -18.33, a P/E/G ratio of -2.30 and a beta of 0.17. The stock’s fifty day moving average price is C$2.73 and its two-hundred day moving average price is C$2.81. Aimia Inc. has a 1 year low of C$2.48 and a 1 year high of C$3.44. The company has a debt-to-equity ratio of 39.18, a current ratio of 2.55 and a quick ratio of 83.33.

Aimia (TSE:AIM) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.11 earnings per share for the quarter. Aimia had a return on equity of 1.45% and a net margin of 1.53%.The company had revenue of C$36.40 million during the quarter. As a group, analysts expect that Aimia Inc. will post 0.0149339 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group set a C$3.75 target price on Aimia and gave the company a “buy” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$3.38.

About Aimia

Aimia Inc (TSX: AIM) is a holding company that makes long-term investments in private and public businesses through controlling or minority stakes. We target companies with durable economic advantages evidenced by a track record of substantial free cash flow generation over complete business cycles, strong growth prospects, and guided by strong, experienced management teams. Headquartered in Toronto, Canada, Aimia is positioned to invest in any sector, wherever a suitable opportunity can be identified worldwide.