Imperial Holdings Director Purchases $9,226 in Stock (IFT)
Imperial Holdings (NYSE:IFT) Director Phillip Goldstein purchased 1,400 shares of the stock on the open market in a transaction dated Friday, August 29th. The shares were purchased at an average cost of $6.59 per share, with a total value of $9,226.00. Following the completion of the transaction, the director now directly owns 94,554 shares of the company’s stock, valued at approximately $623,111. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Imperial Holdings (NYSE:IFT) traded down 1.89% on Tuesday, hitting $6.76. The stock had a trading volume of 31,505 shares. Imperial Holdings has a 52-week low of $4.71 and a 52-week high of $7.21. The stock’s 50-day moving average is $6.74 and its 200-day moving average is $6.37. The company has a market cap of $144.4 million and a price-to-earnings ratio of 12.13.
Imperial Holdings (NYSE:IFT) last released its earnings data on Wednesday, July 30th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.45. Analysts expect that Imperial Holdings will post $0.09 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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