LOM announced it has purchased 5,000 of its own shares for cancellation at a price of $2.40 per share.

The shares were purchased on September 24.

LOM currently has 6,111,870 shares of common stock outstanding, a release from the BSX said.

LOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda and Bahamas, the release noted.

In business for over 20 years, LOM today has over $640 million in client assets under administration.