While the largest companies in the world rightfully grab the most attention when they announce buyback authorizations, small caps also deserve recognition for their plans to return capital to shareholders. Small caps are generally defined as stocks with market capitalizations between $250 million and $2 billion. Their buyback announcements are inherently much smaller. It’s unlikely to see any figures in the “billion” range.
However, buybacks worth tens of millions or hundreds of millions of dollars can greatly lower these firms' total share count. This provides a tailwind for their earnings per share, potentially doing the same for their share price.
