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Blucora provides update on share buyback program

Blucora Inc. recently completed its first repurchases of common shares under its $100 million share repurchase authorization.

The company bought back about 272,000 common shares at an average price of about $23.13 per share. The purchases were made under the authorization that was approved by the board on March 19.

In addition, Blucora announced the establishment of a 10b5-1 trading plan to assist it in repurchasing additional shares under the repurchase program. Repurchases under the plan may start Sept. 15 and may continue until Dec. 31.