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Imperial Holdings (NYSE:IFT) Director Phillip Goldstein bought 1,400 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $6.59 per share, with a total value of $9,226.00. Following the acquisition, the director now directly owns 94,554 shares of the company’s stock, valued at approximately $623,111. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of Imperial Holdings (NYSE:IFT) opened at 6.78 on Thursday. 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 $6.39. The company has a market cap of $144.8 million and a price-to-earnings ratio of 11.83.

Imperial Holdings (NYSE:IFT) last posted its quarterly earnings results 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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