Nisun International (NISN) Enterprise Development Group announced that the Company has repurchased 39,112 shares of its stock at an average price of $14.1263 per share for total proceeds of $552,508 under its $15M share buyback program, which was announced on October 9. The repurchases of the Company’s shares were made on October 17. The repurchases are expected to be accretive to EPS, benefiting existing shareholders as the Company’s outstanding shares are reduced. Nisun International plans to continue acquiring shares under the buyback program as part of its ongoing commitment to enhancing shareholder value.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NISN:
- Nisun International partners with Beijing Tong Ren Tang in traditional medicine
- NiSun International Sees Revenue Surge in First Half of 2024
- DOJ may push for breakup of Google: Morning Buzz
- Nisun International Launches $15M Share Buyback
- Nisun Internatnal Entpre Dev Grp Co Ltd trading halted, volatility trading pause