Franklin Covey Repurchases Shares in Knowledge Capital Wind-up
Franklin Covey Company (FC)
Last franklin covey company earnings: 4/2 04:05 pm
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Source: Business Wire
SALT LAKE CITY--(BUSINESS WIRE)--Franklin Covey Co (NYSE: FC) announced that it had repurchased $10 million of its common shares from Knowledge Capital Investment Group at a price of $35.14 per share. Knowledge Capital held about 20% of Franklin Covey’s stock, stemming from its initial investment more than 20 years ago.Knowledge Capital is in the process of winding up and distributing its assets to its investors, which consist primarily of ten sophisticated institutional investors, including major college endowment funds.After the repurchase, Franklin Covey has $40 million of capacity under its most recent stock repurchase authorization.Robert A. Whitman, Franklin Covey’s Chairman and CEO, said, “Knowledge Capital has been a bedrock shareholder over the last two decades. We’ve gotten to know its owners, who several years ago agreed to double the term of the fund. We’re glad to have these sophisticated institutional investors as direct shareholders as we continue to expand our inve
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News
- Franklin Covey Announces New Common Share Purchase PlanBusiness Wire
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- Franklin Covey Co. (NYSE: FC) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $45.00 price target on the stock.MarketBeat
- At US$38.07, Is Franklin Covey Co. (NYSE:FC) Worth Looking At Closely? [Yahoo! Finance]Yahoo! Finance
FC
Earnings
- 3/27/24 - Beat
FC
Sec Filings
- 4/5/24 - Form 10-Q
- 4/3/24 - Form 4
- 3/27/24 - Form 8-K
- FC's page on the SEC website