Insider Buying: Phillip Goldstein Purchases 5,000 Shares of Imperial Holdings Stock (IFT)
Imperial Holdings (NYSE:IFT) Director Phillip Goldstein acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 19th. The stock was purchased at an average cost of $6.35 per share, with a total value of $31,750.00. Following the completion of the transaction, the director now directly owns 62,395 shares in the company, valued at approximately $396,208. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of Imperial Holdings (NYSE:IFT) traded up 0.62% on Tuesday, hitting $6.45. 1,918 shares of the company’s stock traded hands. Imperial Holdings has a 1-year low of $4.71 and a 1-year high of $7.58. The stock’s 50-day moving average is $6.5 and its 200-day moving average is $6.23. The company has a market cap of $137.7 million and a price-to-earnings 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. Analysts expect that Imperial Holdings will post $1.41 EPS 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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