Today it was reported that a Major Shareholder at Ladenburg Thalmann Financial (NYSE: LTS), Phillip Frost, exercised options to buy 600,000 LTS shares at $1.58 a share, for a total transaction value of $948K. The options were close to expired and Phillip Frost retained stocks.
In addition to Phillip Frost, one other LTS executive reported Buy trades in the last month.
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Based on Ladenburg Thalmann Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $358 million and quarterly net profit of $9.3 million. In comparison, last year the company earned revenue of $312 million and had a net profit of $1.33 million. Currently, Ladenburg Thalmann Financial has an average volume of 823.9K.
Starting in March 2018, LTS received 7 Buy ratings in a row.
The insider sentiment on Ladenburg Thalmann Financial has been positive according to 62 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Ladenburg Thalmann Financial Services, Inc. is a holding company, which engages in investment banking and research, institutional sales and trading, asset management services, wholesale life insurance brokerage and trust services through its principal subsidiaries.
