MediaAlpha Announces $32.9 Million Private Stock Repurchase
1. MediaAlpha repurchased 3.2 million shares at $10.17, totaling $32.9 million. 2. The repurchase reflects confidence in MediaAlpha's growth strategy and execution. 3. Shares bought at a 5.5% discount indicates strong capital allocation discipline. 4. Insignia sold shares due to its private equity fund lifecycle; remaining positive outlook. 5. MediaAlpha's strong cash flow and balance sheet enable future investments and shareholder returns.