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Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ) has shared an announcement.
Morphic Ethical Equities Fund Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under the code MEC. The update, dated 9 April 2026, reports that the fund has repurchased a cumulative total of 993,993 shares before the previous trading day and a further 14,362 shares on the previous day, signaling continued capital management activity aimed at reducing the share float and potentially enhancing value for remaining shareholders.
The latest disclosure reflects a routine daily buy-back notification within a program first launched in April 2023, reaffirming the company’s commitment to returning capital to investors through on-market repurchases. By steadily buying back its own stock, the fund may improve key per-share metrics and support trading liquidity in MEC securities, which can be significant for existing investors and for the fund’s positioning in the listed investment company segment of the ethical investment market.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
More about Morphic Ethical Equities Fund Ltd.
Morphic Ethical Equities Fund Limited is an Australian listed investment company trading under the ASX code MEC. The fund focuses on ethically screened equities, offering investors exposure to a diversified portfolio of shares selected according to defined ethical and sustainability criteria.
Average Trading Volume: 19,283
Technical Sentiment Signal: Buy
Learn more about MEC stock on TipRanks’ Stock Analysis page.