Stock Repurchase Program Declared by B.P. Marsh & Partners (LON:BPM)

B.P. Marsh & Partners (LON:BPM) declared that its board has initiated a share repurchase plan on Thursday, March 26th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

B.P. Marsh & Partners Trading Up 1.6%

Shares of LON BPM opened at GBX 640 on Friday. B.P. Marsh & Partners has a 1 year low of GBX 613 and a 1 year high of GBX 729.80. The firm’s 50-day moving average is GBX 665.10 and its 200-day moving average is GBX 673.39. The firm has a market capitalization of £225.73 million, a PE ratio of 2.38 and a beta of 0.17.

About B.P. Marsh & Partners

B.P. Marsh & Partners PLC is a specialist venture capital / private equity investor in early stage financial services intermediary businesses, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. It considers investment opportunities based in the United Kingdom, Europe, North America and Internationally.

The Group invests amounts of up to £5m in the first round. Investment structure is flexible and investment stage ranges from start up to more developed.