AstroNova, Inc. Buyback
OLI recorded this information on 5/3/2017
Share Amount Authorized:
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.
AstroNova designs, develops, manufactures and distributes a range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate technologies to acquire, store, analyze, and present data in multiple formats. Co.'s business consists of two segments, Product Identification (PI) and Test & Measurement (T&M). The PI segment includes specialty printing systems sold under the brand names QuickLabel®, TrojanLabel® and GetLabels. Co.'s T&M segment includes Co.'s line of aerospace flight deck printers and test and measurement data acquisition systems sold under the AstroNova® brand name.
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Hold (2.00 out of 4)
(ranked lower than approx. 93% of all stocks covered)
Based on Zacks ABR data;
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