Butler National boosts share buyback authorization to $11.9M
1분 미만 읽기
키 포인트:
- Butler National announced on Wednesday that it increased its stock repurchase authorization by $10M to about $11.9M.
- The company has already repurchased about 300K shares since April 30, 2026, at an average price of $4.16 per share.
- The buyback program has been extended through April 30, 2029.
- The management can buy shares in the open market or private transactions, depending on the stock price and market conditions.
- Moreover, the $11.9M authorization is not a commitment and can be modified, suspended, or terminated at any time.
- On the market side, the stock traded ~2.46% lower at ~$4.36.
- Source: Press Release
Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.