The New Home Company Announces Authorization of $15 Million Stock Repurchase Program
New Home Company Inc. (The) (NWHM)
Last new home company inc. (the) earnings: 8/3 06:00 am
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US:NYSE Investor Relations:
ir.nwhm.com
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Source: Business Wire
ALISO VIEJO, Calif.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE:NWHM) (the “Company”) today announced that on May 10, 2018 its Board of Directors approved a $15 million stock repurchase program. “The Board’s authorization of a stock repurchase program reflects their confidence in our strategy and long-term outlook of the Company,” said New Home CEO Larry Webb. “Our strategy prioritizes deploying our capital to fund our growth and improve our returns. We believe we can capitalize on market conditions and repurchase our stock while continuing to make strategic land investments for our future. Overall, we believe this balanced approach is a great way to increase shareholder value.” Under the repurchase program, the Company may repurchase its common stock with an aggregate value of up to $15 million. The repurchases of the Company’s shares may be made in the open market, in privately negotiate
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