Ladenburg Thalmann COO Buys $35,200 in Stock (LTS)
Ladenburg Thalmann (NYSE:LTS) COO Adam Scott Malamed purchased 20,000 shares of the stock on the open market in a transaction dated Wednesday, October 2nd. The stock was purchased at an average price of $1.76 per share, with a total value of $35,200.00. Following the completion of the purchase, the chief operating officer now directly owns 4,000 shares of the company’s stock, valued at approximately $7,040. The transaction was disclosed in a filing with the SEC, which is available at this link.
Ladenburg Thalmann (NYSE:LTS) traded up 0.57% during mid-day trading on Thursday, hitting $1.75. The stock had a trading volume of 87,072 shares. Ladenburg Thalmann has a one year low of $1.14 and a one year high of $2.02. The stock has a 50-day moving average of $1.74 and a 200-day moving average of $1.68. The company’s market cap is $320.8 million.
Ladenburg Thalmann (NYSE:LTS) last announced its earnings results on Wednesday, August 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $176.20 million. Analysts expect that Ladenburg Thalmann will post $-0.07 EPS for the current fiscal year.
The company also recently declared a sep 13 dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 26th.
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