Stockholders' Equity Transactions

9 Months Ended

Mar. 31, 2020

Stockholders' Equity Transactions

Stockholders' Equity Transactions

NOTE 9 – Stockholders’ Equity Transactions

On September 16, 2014, the Company’s board of directors authorized the repurchase of up to 1 million of the approximately 19.4 million shares of the Company’s common stock outstanding. On December 21, 2018, the Company’s board of directors authorized the repurchase of up to an additional 500,000 shares. As of March 31, 2020, there was an aggregate 297,422 shares that may yet be purchased under the two repurchase plans. The repurchase will be made from time to time in the open market or in privately negotiated transactions subject to market conditions and the market price of the common stock. The Company repurchased 137,303 shares of its common stock during the nine months ended March 31, 2020 at a weighted average price of $17.12. Shares repurchased under the two plans from inception through March 31, 2020 are included in the Company’s Treasury Stock as of March 31, 2020.