Insider Buying: Phillip Goldstein Acquires 10,000 Shares of Imperial Holdings Stock (IFT)
Imperial Holdings (NYSE:IFT) Director Phillip Goldstein acquired 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average price of $6.17 per share, for a total transaction of $61,700.00. Following the transaction, the director now directly owns 82,395 shares of the company’s stock, valued at approximately $508,377. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Imperial Holdings (NYSE:IFT) remained flat at $6.33 during trading on Thursday. The stock had a trading volume of 70,042 shares. 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 $6.49 and its 200-day moving average is $6.23. The company has a market cap of $135.1 million and a P/E ratio of 2.03.
Imperial Holdings (NYSE:IFT) last posted its quarterly 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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