Klaveness Combination Carriers AS ( (DE:36K) ) has shared an announcement.
Klaveness Combination Carriers ASA announced the continuation of its share buyback program, repurchasing 159,369 shares from January 7 to January 13, 2025, at an average price of NOK 76.56 per share on the Euronext Oslo Børs. This buyback is part of a larger program to acquire up to 1.2 million shares by March 2025, with the recent transactions totaling approximately USD 1.1 million. This strategic move is likely to strengthen KCC’s market position and potentially enhance shareholder value by reducing the number of shares outstanding, which could have implications for the company’s stock performance and investor relations.
More about Klaveness Combination Carriers AS
Klaveness Combination Carriers ASA (KCC) is a global leader in the combination carrier industry, specializing in the transportation of both wet and dry bulk cargoes. The company operates a fleet that includes eight CABU and eight CLEANBU combination carriers, with additional CABU vessels under construction. KCC’s vessels are known for their high efficiency and reduced CO2 emissions, offering up to 40% lower emissions per transported ton compared to conventional tankers and dry bulk vessels.
YTD Price Performance: 3.90%
Average Trading Volume: 736
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €400.5M
For a thorough assessment of 36K stock, go to TipRanks’ Stock Analysis page.