BH Macro Buys Back Sterling and Dollar Shares for Treasury

BH Macro Shs GBP ( (GB:BHMG) ) just unveiled an announcement.

BH Macro Limited has repurchased 122,013 sterling ordinary shares and 14,500 US dollar ordinary shares on the London Stock Exchange, buying them from J.P. Morgan Securities at weighted average prices of £4.0189 and $4.24 respectively, and intends to hold these shares in treasury. Following the transaction, the company has 314,829,920 sterling shares and 23,788,251 US dollar shares in issue (excluding treasury), with 63,220,004 sterling and 338,417 US dollar shares held in treasury, resulting in a total of 481,208,156 voting rights, underscoring an ongoing capital management strategy that can support liquidity in the market and potentially enhance net asset value per share for remaining investors.

The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 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 GB:BHMG Stock

According to Spark, TipRanks’ AI Analyst, GB: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 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 in both sterling and US dollar classes on the London Stock Exchange. The company provides investors with access to a macro-focused investment strategy and manages its capital structure through share issuance and buybacks in the listed investment trust sector.

Average Trading Volume: 695,109

Technical Sentiment Signal: Strong Buy

For an in-depth examination of BHMG stock, go to TipRanks’ Overview page.