Eagle Point Income Co Announces $50M Stock Buyback
Eagle Point Income Co (EIC) announced a $50 million stock buyback program, effective until June 9, 2026, aimed at enhancing shareholder value. The program's decisions will depend on stock price, market conditions, and legal requirements. Analysts rate EIC stock as a Buy with a $17.00 price target, noting strong financial health but cash flow challenges. Despite bearish technical trends, the stock is considered undervalued. EIC focuses on generating high current income and capital appreciation through investments in junior debt tranches of CLOs.
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