Hamilton Beach Brands Holding Company Board Approved $25M Buyback
Portfolio Pulse from Benzinga Newsdesk
The board of Hamilton Beach Brands Holding Company has approved a $25 million buyback of its own shares.
November 09, 2023 | 10:33 pm
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Hamilton Beach Brands Holding Company's board has approved a $25 million share buyback, which may increase the stock's price in the short term.
Share buybacks often lead to an increase in the stock price as they reduce the number of shares available in the market, thereby increasing the earnings per share. This is generally seen as a positive signal by the market, indicating that the company believes its shares are undervalued.
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