BH Macro Boosts Treasury Stock with Further Share Buybacks

The latest announcement is out from BH Macro Shs GBP ( (GB:BHMG) ).

BH Macro Limited has repurchased 211,628 sterling ordinary shares and 15,000 U.S. dollar ordinary shares on the London Stock Exchange, with J.P. Morgan Securities acting as counterparty. The weighted average purchase prices were £4.1299 for the sterling shares and $4.2200 for the U.S. dollar shares, and the company intends to hold all of these shares in treasury.

Following these buybacks, BH Macro now has 305,502,052 sterling ordinary shares and 24,140,786 U.S. dollar ordinary shares in issue, excluding treasury holdings. Treasury balances have increased to 72,031,661 sterling shares and 470,033 U.S. dollar shares, bringing the company’s total voting rights to approximately 467,755,000 and modestly enhancing per-share metrics for remaining shareholders.

The most recent analyst rating on (GB:BHMG) stock is a Buy with a £444.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.

Spark’s Take on BHMG Stock

According to Spark, TipRanks’ AI Analyst, BHMG is a Neutral.

The score is primarily supported by a very strong balance sheet (no debt) but held back by inconsistent earnings/cash flow history. Weak technical momentum and a high P/E further constrain the rating, while ongoing buybacks provide only a modest offset.

To see Spark’s full report on BHMG stock, click here.

More about BH Macro Shs GBP

BH Macro Limited is a closed-ended collective investment scheme based in Guernsey, listed in London and focused on macro investment strategies. The company offers ordinary shares in both sterling and U.S. dollar share classes, providing investors with access to a diversified macro trading portfolio through a listed fund structure.

Average Trading Volume: 808,191

Technical Sentiment Signal: Buy

See more insights into BHMG stock on TipRanks’ Stock Analysis page.