BH Macro Buys Back Shares, Updates Voting Rights Total

BH Macro Shs GBP ( (GB:BHMG) ) has issued an announcement.

BH Macro Limited has repurchased 64,172 sterling ordinary shares on the London Stock Exchange at a weighted average price of £3.9608 and will hold these shares in treasury, a move that can support the share price and offer flexibility for future capital management. Following this transaction, the company has 315,881,620 sterling shares and 23,819,541 US dollar shares in issue (excluding treasury), with additional shares held in treasury for both classes, bringing the total number of voting rights in the company to 482,779,006, information that is relevant for investors tracking their ownership stakes and for regulatory disclosure purposes.

Spark’s Take on GB:BHMG Stock

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

GB:BHMG’s overall score reflects strong balance sheet health, supported by zero leverage and equity-backed assets. However, challenges include declining revenue, inconsistent cash flow, and a high P/E ratio that suggests overvaluation. Despite positive corporate actions like share buybacks, the recent decline in net assets raises concerns about market fluctuations. Technical indicators show modest positive momentum but suggest potential short-term resistance.

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

More about BH Macro Shs GBP

BH Macro Limited is a closed-ended collective investment scheme incorporated in Guernsey, with its ordinary shares listed on the London Stock Exchange in both sterling and US dollar share classes. The company provides investors with access to macro-focused investment strategies, managing separate share classes to cater to different currency preferences among institutional and retail shareholders.

Average Trading Volume: 748,847

Technical Sentiment Signal: Buy

For a thorough assessment of BHMG stock, go to TipRanks’ Stock Analysis page.