Markets

Insiders Seeing Green With LTS At New 52-Week High

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Friday, shares of Ladenburg Thalmann Financial Services Inc (Symbol: LTS) touched a new 52-week high of $3.77/share. That's a 78.67% rise, or $1.66 per share from the 52-week low of $2.11 set back on 05/31/2017. That means at today's intraday high, any investor who purchased LTS stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, LTS has seen 4 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
03/28/2018 Richard Lampen President and CEO 20,000 $3.25 $64,978.00
03/29/2018 Richard Lampen President and CEO 10,000 $3.30 $32,957.00
04/02/2018 Richard M. Krasno Director 5,000 $3.10 $15,513.00
04/02/2018 Mark Zeitchick Executive Vice President 5,000 $3.12 $15,600.00
04/02/2018 Richard Lampen President and CEO 5,000 $3.09 $15,473.00
04/06/2018 Richard Lampen President and CEO 5,000 $3.10 $15,500.00
04/12/2018 Richard Lampen President and CEO 5,000 $3.20 $15,982.00
04/13/2018 Richard Lampen President and CEO 5,000 $3.30 $16,511.00
04/13/2018 Mark Zeitchick Executive Vice President 5,000 $3.30 $16,482.50
04/13/2018 Adam Scott Malamed Executive VP and COO 5,000 $3.28 $16,399.50

The chart below shows where LTS has traded over the past year, with the 50-day and 200-day moving averages included.

Ladenburg Thalmann Financial Services Inc Moving Averages Chart

In afternoon trading on Friday, LTS shares are changing hands at $3.77/share, right at the new 52-week high.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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