Insider Purchase at Ladenburg Thalmann Financial Services (LTS): Saul Gilinski Buys 60,000 Shares

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Ladenburg Thalmann Financial Services (NYSEMKT:LTS)’s Director, Saul Gilinski purchased 60,000 shares of Common Stock, directly, yesterday. The insider purchase was executed in two steps, buying 50,000 shares for a price of $3.15 per share and then another 10,000 shares for $3.12 per share. This is certainly not the first acquisition to be completed by the Director, as he repeatedly bought the $585.4 million market cap financial firm’s stock throughout June. Following the purchase, Gilinski now holds 1.189 million company shares to his name.

Ladenburg Thalmann Director, Jacqueline Simkin, also acquired 15,303 shares of Common Stock last Wednesday, paying a price of $2.96 per share. And in terms of hedge fund activity this quarter, everything has remained stable, with most shareholders augmenting the firm’s participation in their portfolios. Having increased Ladenburg’s holdings by 609% this quarter, Aqr Capital Management, run by Cliff Asness, now owns 131,145 shares, with a value of $396,000. The largest shareholder, however, remains Robert Gillam’s hedge fund, Mckinley Capital Management, which owns 587,726 shares, worth $1.7 million.

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