Imperial Holdings Director Phillip Goldstein Purchases 7,369 Shares (IFT)
Imperial Holdings (NYSE:IFT) Director Phillip Goldstein purchased 7,369 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was purchased at an average cost of $6.36 per share, for a total transaction of $46,866.84. Following the completion of the purchase, the director now directly owns 62,395 shares in the company, valued at approximately $396,832. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Imperial Holdings (NYSE:IFT) traded up 1.65% during mid-day trading on Friday, hitting $6.79. The stock had a trading volume of 63,488 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 $6.55 and a 200-day moving average of $6.24. The company has a market cap of $144.9 million and a P/E ratio of 2.15.
Imperial Holdings (NYSE:IFT) last announced its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ 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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