Insider Buying: Michael A. Crow Purchases 5,051 Shares of Imperial Holdings Stock (IFT)
Imperial Holdings (NYSE:IFT) Director Michael A. Crow acquired 5,051 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $6.65 per share, with a total value 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) opened at 6.30 on Wednesday. Imperial Holdings has a 52 week low of $4.71 and a 52 week high of $7.58. The stock has a 50-day moving average of $6.50 and a 200-day moving average of $6.23. The company has a market cap of $134.5 million and a price-to-earnings ratio of 2.06.
Imperial Holdings (NYSE:IFT) last announced its earnings results on Thursday, May 8th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters 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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