B. Riley Financial Authorizes $50M Annual Share Repurchase Plan
Portfolio Pulse from Benzinga Newsdesk
B. Riley Financial has authorized a $50 million annual share repurchase plan.
November 08, 2023 | 12:56 pm
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POSITIVE IMPACT
B. Riley Financial's $50 million annual share repurchase plan could potentially increase the company's stock price.
Share repurchase plans often lead to an increase in the stock's price as they reduce the number of shares outstanding, thereby increasing earnings per share. This could make the stock more attractive to investors, potentially leading to an increase in demand and price.
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