Standard Premium Finance announces $250,000 stock buyback plan
- Standard Premium Finance Holdings, Inc. has initiated a stock repurchase program of up to $250,000.
- The program will occur over six months and is subject to various market and regulatory factors.
- This move reflects the company's confidence in its financial strength and aims to return capital to shareholders.
In Miami, on May 27, 2025, Standard Premium Finance Holdings, Inc., a prominent specialty finance company, revealed that their board of directors has approved a stock repurchase program. This program allows the company to buy back up to $250,000 of common stock via privately negotiated transactions over six months, concluding on November 2, 2025. The timing and number of shares repurchased will depend on various factors including market conditions and regulatory requirements. CEO William Koppelmann expressed confidence in the company's strategic direction and financial strength, emphasizing that the program offers flexibility to return capital to shareholders. The announcement coincides with the company's record profitability in fiscal year 2024 and the first quarter of 2025, showcasing ongoing financial momentum. Koppelmann highlighted this program as an efficient use of capital, aligning with their disciplined approach to growth and value creation. The repurchase strategy is intended to demonstrate long-term value of their business model and support the company's expansion efforts. Standard Premium currently operates in 38 states and is actively exploring mergers and acquisitions as part of their growth strategy, asserting their dedication to enhancing shareholder returns. Caution was noted in the press release regarding forward-looking statements related to the company's anticipated future growth and outlook, advising that actual results could differ from expectations presented. Investors are recommended to review risk factors associated with the business, as detailed in their annual report filed with the SEC. Overall, the stock repurchase program reflects Standard Premium Finance Holdings' commitment to its shareholders and is an important step in maintaining the company’s robust operational strength and strategic enhancement as they expand their national footprint. This initiative illustrates the company’s focus on delivering long-term returns, while simultaneously managing their capital efficiently as they pursue additional growth opportunities through acquisitions.