Imperial Holdings Director Acquires $79,077 in Stock (IFT)
Imperial Holdings (NYSE:IFT) Director Phillip Goldstein purchased 12,453 shares of Imperial Holdings stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $6.35 per share, with a total value of $79,076.55. Following the completion of the acquisition, the director now directly owns 57,395 shares of the company’s stock, valued at approximately $364,458. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Imperial Holdings (NYSE:IFT) traded up 1.87% during mid-day trading on Monday, hitting $6.53. The stock had a trading volume of 78,081 shares. Imperial Holdings has a 1-year low of $4.71 and a 1-year high of $7.58. The stock has a 50-day moving average of $6.57 and a 200-day moving average of $6.24. The company has a market cap of $139.4 million and a P/E ratio of 2.06.
Imperial Holdings (NYSE:IFT) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.06. On average, analysts predict that Imperial Holdings will post $1.41 earnings per share for the current fiscal year.
Imperial Holdings, Inc (NYSE:IFT) is a specialty finance company with a focus on providing premium financing for individual life insurance policies issued by insurance companies and purchasing structured settlements backed by annuities issued by insurance companies or their affiliates.
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