The EVP & COO of Ladenburg Thalmann Financial (NYSE: LTS) is Buying Shares

By Carrie Williams

Today, the EVP & COO of Ladenburg Thalmann Financial (NYSE: LTS), Adam Scott Malamed, bought shares of LTS for $16.35K.

In addition to Adam Scott Malamed, 9 other LTS executives reported Buy trades in the last month. Following Adam Scott Malamed’s last LTS Buy transaction on May 22, 2017, the stock climbed by 1.1%.

Based on Ladenburg Thalmann Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $344 million and quarterly net profit of $6.64 million. In comparison, last year the company earned revenue of $290 million and had a GAAP net loss of $3.67 million. Currently, Ladenburg Thalmann Financial has an average volume of 206.6K. The company has a one-year high of $3.67 and a one-year low of $2.11.

The insider sentiment on Ladenburg Thalmann Financial has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Adam Scott Malamed’s trades have generated a 42.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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. It operates through the following segments: Independent Brokerage and Advisory Services, Ladenburg, and Insurance Brokerage. The Independent Brokerage and Advisory segment is the broker-dealer and investment advisory services provided by the independent contractor financial advisors of the company and the wealth management services provided by Premier Trust. The Ladenburg Segment is comprised of the investment banking, sales and trading, asset management services and investment activities conducted by Ladenburg and Ladenburg Thalmann Asset Management Inc. The Insurance Brokerage segment is the wholesale insurance brokerage activities provided by Highland, which delivers life insurance, fixed and equity indexed annuities and long-term care solutions to investment insurance providers. The company was founded in February 1996 and is headquartered in Miami, FL.