Insider Purchase at Ladenburg Thalmann Financial Services (LTS): Director Jacqueline Simkin Buys 15,303 Shares


The Director of Ladenburg Thalmann Financial Services (NYSEMKT:LTS), Jacqueline Simkin, purchased 15,303 shares of Common Stock yesterday, at a price of $2.96 per share. The stock was bought indirectly, via the Jacqueline Simkin Revocable Trust, of which the Director is a trustee and she now owns a total of 1.15 million shares.

Although this is Simkin’s first stock acquisition this month, other company insiders have been more active throughout June. Director Saul Gilinski, for example, acquired 4,544 company shares merely 10 days ago, paying an average price of $2.82 per share, while the Chief Operating Officer, Scott Adam Malamed bought 5,000 shares for $2.78.

Furthermore, shareholder positions amongst hedge funds have remained stable throughout the past quarter, and many even increased the financial firm’s participation in their portfolios. For now, the largest shareholder position is granted to Mckinley Capital Management, Robert Gillam’s hedge fund, which owns a total of 587,726 shares, with a value of $1.7 million.

Disclosure: none