Insider Buying: Phillip Goldstein Acquires 1,400 Shares of Imperial Holdings Stock (IFT)
Imperial Holdings (NYSE:IFT) Director Phillip Goldstein bought 1,400 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was purchased at an average cost of $6.59 per share, with a total value of $9,226.00. Following the transaction, the director now directly owns 94,554 shares of the company’s stock, valued at approximately $623,111. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Imperial Holdings (NYSE:IFT) traded down 2.03% during mid-day trading on Tuesday, hitting $6.75. 27,840 shares of the company’s stock traded hands. Imperial Holdings has a 1-year low of $4.71 and a 1-year high of $7.21. 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 $144.2 million and a P/E ratio of 12.13.
Imperial Holdings (NYSE:IFT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.30) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.45. On average, analysts predict that Imperial Holdings will post $0.09 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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