Imperial Holdings (NYSE:IFT) Director Phillip Goldstein purchased 13,177 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were purchased at an average cost of $6.37 per share, with a total value of $83,937.49. Following the completion of the purchase, the director now directly owns 72,395 shares of the company’s stock, valued at approximately $461,156. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Imperial Holdings (NYSE:IFT) traded up 0.48% on Wednesday, hitting $6.33. The stock had a trading volume of 135,226 shares. Imperial Holdings has a 52 week low of $4.71 and a 52 week high of $7.58. The stock’s 50-day moving average is $6.50 and its 200-day moving average is $6.23. The company has a market cap of $135.1 million and a price-to-earnings ratio of 2.02.
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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