The board of directors behind Houston-based Target Hospitality Corp. (Nasdaq: TH) has authorized a share buyback program five months after the company made its public market debut via a reverse merger.
The company is authorized to buy back up to $75 million of its own stock, according to a company press release. While Target Hospitality will use cash on hand and future cash flows to fund the program, it will also invest in growth alongside the buyback, the company’s chairman, Stephen Robertson,…
