Foothill to Buy Back 625,000 Shares of Stock

Foothill Group Inc., a financial services concern with executive offices in Agoura Hills and Los Angeles, said its board of directors authorized the company to repurchase up to 625,000 shares of its common stock in open market transactions. It said the action was taken because of “existing securities market conditions” and the board’s belief that Foothill’s stock is undervalued.

Foothill specializes in commercial lending and money management. Its stock closed Friday at $13.25 a share.