Bluegreen Vacations Corporation Buyback
OLI recorded this information on 11/27/2018
Company:
Bluegreen Vacations Corporation
Buyback:
BXG buyback
Share Amount Authorized:
3,000,000
Buyback Details:
Bluegreen Vacations Corporation (NYSE: BXG) ("Bluegreen" or "the Company") announced that its Board of Directors has approved a share repurchase program, which authorizes the repurchase of a total of up to 3,000,000 shares of the Company's Common Stock at an aggregate cost of no more than $35 million. The program authorizes the Company, in management's discretion, to repurchase shares from time to time subject to market conditions and other factors.
Bluegreen Vacations is a vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in leisure and urban destinations. Co. operates through two segments: sales of VOIs and financing, which includes its marketing and sales activities related to the VOIs that it owns, its sale of VOIs through fee-for-service arrangements with third-party developers, and its provision of consumer financing in connection with sales of VOIs that it owns; and resort operations and club management, which includes its provision of management services to its Bluegreen Vacation Club (Vacation Club) and to homeowners' associations of the resorts within its Vacation Club.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: BXG Stock Forecast Based on Zacks ABR data; powered by Xignite |