Imperial Holdings Director Phillip Goldstein Purchases 1,400 Shares (IFT)
Imperial Holdings (NYSE:IFT) Director Phillip Goldstein bought 1,400 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average cost of $6.59 per share, for a total transaction of $9,226.00. Following the transaction, the director now directly owns 94,554 shares in the company, valued at approximately $623,111. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Imperial Holdings (NYSE:IFT) opened at 6.72 on Wednesday. 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 $6.39. The company has a market cap of $143.5 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 (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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