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0.0205484159164319 0.0205484159164319 0.0274207958215931 0.0271802625249124 0.0271802625249124 0.029125146038073 0.0308569857741736 0.0308569857741736
Stock impact report

AstroNova Announces Repurchase of Common Stock

AstroNova, Inc. (ALOT) 
Last astronova, inc. earnings: 3/12 07:30 am Check Earnings Report
Company Research Source: Business Wire
WEST WARWICK, R.I.--(BUSINESS WIRE)-- AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that it has repurchased 826,305 shares of its common stock from the Albert W. Ondis Declaration of Trust (the “Trust”) for $11.2 million, or $13.60 per share. The repurchased shares constituted approximately 12.7% of the outstanding shares of AstroNova’s common stock. The transaction was executed on May 1, 2017 and was funded May 2, 2017 using existing cash on hand. Following the repurchase, the Trust owns 36,000 shares of the Company’s common stock, or approximately 0.5% of the total number of outstanding shares of common stock. “The purchase of these shares reflects our confidence in AstroNova’s future and in our ability to continue generating strong cash flow,” said President and CEO Greg Woods. “Given the market opportunity for our Product Identification and Test & Meas Show less Read more
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