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6 pts

Opinion on  Resource America Inc. (REXI)     Sector: Financial  >  Industry: Misc. Financial Services
Resource America Inc.

Jul 04, 2008 09:39 AM UTC
Foto
Return Risk
-4.25% LOW
Principal

Analyst Recommendation  

Resource America Inc. ( REXI ): CEO & President, Director Jonathan Z. Cohen Bought 166,667 Shares

Resource America, Inc. operates ( REXI ), an asset management company, announced their quarterly dividend to be $0.41 a share. LEAF Financial Corporation, a subsidiary of REXI, raised $120 million through public offering.

CEO & President, Director Jonathan Z. Cohen and Chairman, Director Edward E. Cohen each bought 166,667 shares of REXI stock on 6/18/08 at $9. As of March, CEO Cohen has bought a total of 70,255 shares between $8.38 and $10.33.

10% Owner Capital Management, Ll Spencer bought 25,650 shares on 2/29/08 at $11.89; however, they also have sold a total of 1,073,839 shares at $9.18 to $10.67.

Resource America Inc. has a market cap of $177.45 million; its shares were traded at around $9.78 with P/S ratio of 1.05. The dividend yield of Resource America Inc. stocks is 2.92%.


REXI:  This call was made on 07/04/08 @ $9.01
Rating:   Positive   $9.01 (07/04/08)
Gain/Loss:   +39.51% in 57 days
Target:   $15.00 (+66.48%) in > one year
Allocation:   0.0% of portfolio


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