Director and Large Shareholder at Imperial Holdings, Inc. (NYSE:IFT) Phillip Goldstein purchased 7,369 shares of common stock, at an average price of $6.35 per share.
Following this transaction, Mr. Goldstein owns 62,395 shares directly, and another 3,412,036 shares, through its various indirect holdings. Mr. Goldstein has been acquiring shares of this stock over the course of this year. In fact, in addition to the reported 7,369 share purchase, he has bought an important amount of shares: during Q1 he boosted 55,428 shares, at prices ranging from $ 5.73 to $ 5.89 per share, and during Q2 he snapped up another 25,454 shares, at prices ranging from $ 6.29 to $ 6.47 per share. No Insider sales have taken place at Imperial Holdings, Inc. (NYSE:IFT) over the past years.
The most important hedge fund investing at this Life Insurance Company, with a Market Cap of $136.51 million, is Phillip Goldstein, Andrew Dakos and Steven Samuels’ Bulldog Investors, owing almost 3 million shares, worth $13 million, and accounting for 5.63% of its Equity Portfolio.