Ladenburg Thalmann Financial Services Inc (LTS): Joseph Giovanniello , Senior Vice President of Ladenburg Thalmann Financial Services Inc purchased 2,008 shares on Jun 30, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $2.24 per share for a total value of $4,501.94 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 4, 2016, Joseph Giovanniello (Senior Vice President) purchased 7,578 shares at $2.38 per share price.On Jan 15, 2016, Richard M Krasno (director) purchased 5,000 shares at $2.22 per share price.Also, On Jan 15, 2016, Richard Lampen (CEO) purchased 5,000 shares at $2.24 per share price.On Jan 15, 2016, Mark Zeitchick (Executive Vice President) purchased 5,000 shares at $2.24 per share price.
Shares of Ladenburg Thalmann Financial Services (LTS) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.42% at $2.35 with 1,60,894 shares getting traded. Post opening the session at $2.34, the shares hit an intraday low of $2.33 and an intraday high of $2.41 and the price vacillated in this range throughout the day. The company has a market cap of $430 M and the number of outstanding shares has been calculated to be 18,31,31,200 shares. The 52-week high of Ladenburg Thalmann Financial Services is $3.5 and the 52-week low is $1.8.
Company has been under the radar of several Street Analysts.Ladenburg Thalmann Financial Services is Reiterated by Barrington Research to Outperform while Lowering the Price Target of the company shares to $ 4 from a previous price target of $5 . The Rating was issued on May 10, 2016.
Ladenburg Thalmann Financial Services Inc. is a financial services company. The Company through its principal subsidiaries provides independent brokerage and advisory services investment banking equity research institutional sales and trading asset management services wholesale life insurance brokerage and trust services. The company has three segments: the independent brokerage and advisory services segment the Ladenburg segment and the insurance brokerage segment. Its independent brokerage and advisory services segment offers broker-dealer and investment advisory services and wealth management services. Its Ladenburg segment offers investment banking sales and trading and asset management services and investment activities. The Company’s insurance brokerage segment includes the wholesale insurance brokerage activities which delivers life insurance fixed and equity indexed annuities and long-term care solutions to investment and insurance providers.