Insider Buying: Michael A. Crow Purchases 5,051 Shares of Imperial Holdings Stock (IFT)
Imperial Holdings (NYSE:IFT) Director Michael A. Crow bought 5,051 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $6.65 per share, for a total transaction of $33,589.15. Following the completion of the acquisition, the director now directly owns 17,435 shares of the company’s stock, valued at approximately $115,943. 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 1.25% during mid-day trading on Tuesday, hitting $6.49. The stock had a trading volume of 4,102 shares. Imperial Holdings has a one year low of $4.71 and a one year high of $7.58. The stock has a 50-day moving average of $6.5 and a 200-day moving average of $6.23. The company has a market cap of $138.5 million and a price-to-earnings ratio of 2.06.
Imperial Holdings (NYSE:IFT) last posted its quarterly 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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