Seeking Alpha

HCI Group launches $40M buyback plan

  • CEO Paresh Patel: "This repurchase, coupled with our ongoing dividends, represents our commitment to create long term value for HCI's shareholders."
  • At yesterday's close of $37.21, the plan allows for the buyback of about 1.1M shares over the next 12 months, roughly 10% of the float.
  • Press release
Comments (3)
  • Kboyd78
    , contributor
    Comments (159) | Send Message
     
    10 percent of the float is awesome
    18 Mar 2014, 08:58 AM Reply Like
  • Overanalytical
    , contributor
    Comments (842) | Send Message
     
    Now's the right time to do it that's for sure
    18 Mar 2014, 10:12 AM Reply Like
  • User 23322543
    , contributor
    Comments (6) | Send Message
     
    Let's toast those shorts !!! @ 50$ in one month.
    18 Mar 2014, 05:25 PM Reply Like
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