Natural Alternatives Boosts Stock Buyback Plan By $3M

by Shivani Kumaresan, Benzinga Staff Writer

January 18, 2022 12:00 PM | 1 min read |

Natural Alternatives International Inc NAII said its Board of Directors authorized a $3.0 million increase to its stock repurchase plan.
The proposed expansion brings the total authorized amount to $18.0 million. To date, the company has purchased 1.9 million shares under this repurchase plan, including the purchase of 237,000 shares since September 30, 2021. The company will have $3.0 million available for stock repurchases under the program.
Natural Alternatives intends to purchase shares, depending upon market conditions, in the open market or privately negotiated transactions.
The company held $20.02 million in cash and equivalents as of September 30, 2021.
Price Action: NAII shares are trading higher by 0.71% at $13.45 on the last check Tuesday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.