OppFi Inc. announced an increase to its share repurchase program authorization.
The Board of Directors approved the purchase of an additional $20 million of Class A Common Stock.
This brings the total authorization under the program to $40 million.
Increase in Authorization
Board authorized the purchase of additional $20 million of Class A common stock.
Total Program Authorization
Total authorization under the program is now $40 million.
CEO's Confidence
CEO Todd Schwartz expressed confidence in OppFi's long-term growth prospects.
- The share repurchase program signifies the company's belief in its stock's undervaluation.
- The focus on maximizing long-term value creation is a positive indicator for investors.
OppFi's decision to increase the share repurchase program demonstrates its commitment to returning value to stockholders and belief in the company's intrinsic value.