On Monday, Shares of Sabre Corp (NASDAQ:SABR), SUBTRACT -1.00% and closed at $24.69 in the last trading session. The last trading range of the stock ranges between $24.48 and $25.05. Sabre Corporation (SABR) recently declared that its Board of Directors has approved a share repurchase program to purchase up to an aggregate of $100 million of shares of Sabre’s common stock. The program will expire on December 31, 2016.
“With leverage near the bottom of our targeted range and expectations for continued strong growth in free cash flow, we believe the return of capital through an opportunistic share repurchase program represents an attractive opportunity to enhance long-term shareholder value,” said Rick Simonson, Sabre’s chief financial officer.
Repurchases under the program may take place in the open market or privately negotiated transactions, counting but not limited to accelerated share repurchase transactions, derivative transactions and under Rule 10b5-1 plans.
BofI Holding, Inc. (NASDAQ:BOFI), jumped 6.99% and closed at $24.18 in the last trading session. The last trading range of the stock ranges between $22.83 and $24.30. The company’s Market capitalization is $1.59 Billion with the total Outstanding Shares of 63.30 million. BofI Holding, Inc. operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, counting consumer and business checking, demand, savings, and time deposit accounts. It also provides residential single family and multifamily mortgage loans; commercial real estate secured and commercial lending products; specialty finance factoring products; and consumer lending products consisting of prime loans to purchase new and used recreational vehicles and automobiles, in addition to deposit-related overdraft lines of credit. In addition, the company offers prepaid card and refund transfer, debit card or ATM card, portfolio administration, online bill payment, money transfer, overdraft protection, mobile banking, and text message banking services. BofI Holding, Inc.