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The Westaim (TSXV:WED) 6-Month Share Buyback Ratio : -1.62% (As of Dec. 2024 )


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What is The Westaim 6-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. The Westaim's current 6-Month Share Buyback Ratio was -1.62%.

Competitive Comparison of The Westaim's 6-Month Share Buyback Ratio

For the Asset Management subindustry, The Westaim's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-Month Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Westaim's 6-Month Share Buyback Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Westaim's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where The Westaim's 6-Month Share Buyback Ratio falls into.


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The Westaim 6-Month Share Buyback Ratio Calculation

The Westaim's 6-Month Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

6-Month Share Buyback Ratio=(Shares Outstanding (EOP) (Jun. 2024 ) - Shares Outstanding (EOP) (Dec. 2024 )) / Shares Outstanding (EOP) (Jun. 2024 )
=(21.362 - 21.707) / 21.362
=-1.62%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Westaim  (TSXV:WED) 6-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

The Westaim 6-Month Share Buyback Ratio Related Terms

The Westaim Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Westaim Corp (TSXV:WED) » Definitions » 6-Month Share Buyback Ratio
Comparable Companies
TSX:DFN TSX:FSZ TSX:AGF.B TSX:CGI TSXV:SQG TSX:FTN TSX:AD.UN TSX:LBS.PR.A TSX:SEC TSX:GCG BLK BX KKR OSTO:INVE A TSX:BAM APO TSX:BN LSE:III AMP XSWX:PGHN
Traded in Other Exchanges
WEDXF:USA 7N4:Germany
Address
405 Lexington Avenue, 59th Floor, Suite 1700, New York, NY, USA, 10174
Website
https://www.westaim.com
The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. The Company's principal investments consist of its investment in Skyward Specialty, Arena FINCOs and Arena.
Executives
Glenn Garry Macneil Senior Officer
J. Cameron Macdonald Director, Senior Officer
Ian William Delaney Director, Senior Officer
Parag Shah Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
William Ruel Andrus Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Jim Charles Hays Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Donald Dumford Larson Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Stephen Cole Director
Joseph Arthur Schenk Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

The Westaim Headlines

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