Brera Holdings PLC ( BREA ) shares are trading higher Thursday after the company announced its executive chairman, Daniel McClory, acquired a majority stake in the company.

The Details:

McClory acquired 4,550,000 Class A Ordinary Shares, for a total holding of 6,850,000 Class A Ordinary Shares, cementing a 54.5% ownership position and securities entitling him to 83.7% of the total votes of the company.

“I believe that this strategic move underscores the robust confidence Mr. McClory places in Brera’s potential and heralds in a new era of international focus and expansion beyond the Company’s Italian roots,” stated Pierre Galoppi, Brera’s CEO.

Brera ( BREA ) also announced it has added Massimo Ferragamo, chairman of Ferragamo USA, Inc., to its newly formed Advisory Board.

“In addition to leading one of the most famous global luxury fashion houses, with his family, Massimo Ferragamo’s name is synonymous with elevated lifestyle, so his valued perspective is the perfect addition to our all-star Advisory Board. We were diligent in working to ensure that Brera’s Advisory Board will provide visionary leadership, as we continue to drive our MCO strategy forward,” stated Christopher Paul Gardner, Brera’s director.

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Is BREA A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Brera Holdings ( BREA )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Brera Holdings ( BREA ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 13.89%, you'll need to buy a share of Monroe Cap by the Mar. 14, 2024. Once done, you can expect to receive a nominal payout of $0.25 on Mar. 29, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Brera Holdings ( BREA ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

BREA Price Action: According to Benzinga Pro, Brera Holdings ( BREA ) shares are up 77% at $1.81 at the time of publication.

Image: Csaba Nagy from Pixabay