Insider Buying: Ladenburg Thalmann CEO Purchases 5,000 Shares of Stock (LTS)
Ladenburg Thalmann (NYSE:LTS) CEO Richard Lampen purchased 5,000 shares of the stock on the open market in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $2.96 per share, with a total value of $14,800.00. Following the completion of the transaction, the chief executive officer now directly owns 826,917 shares of the company’s stock, valued at approximately $2,447,674. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ladenburg Thalmann (NYSE:LTS) opened at 2.93 on Tuesday. Ladenburg Thalmann has a one year low of $1.20 and a one year high of $3.54. The stock’s 50-day moving average is $3.09 and its 200-day moving average is $2.21. The company’s market cap is $528.0 million.
Ladenburg Thalmann (NYSE:LTS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.02. The company had revenue of $200.50 million for the quarter, compared to the consensus estimate of $178.11 million. On average, analysts predict that Ladenburg Thalmann will post $-0.02 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Ladenburg Thalmann from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $3.60 price target on the stock. Finally, analysts at Barrington Research raised their price target on shares of Ladenburg Thalmann from $2.50 to $3.00 in a research note to investors on Monday, November 11th.
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