Ladenburg Thalmann Financial Services (NYSE:LTS), saw an insider execute a transaction that resulted in the rise of their profile with the company. Director Jacqueline M. Simkin picked up 5,000 shares of common stock at an average price of $3.567 per share. Following this move, Simkin now holds a total of 1,898,443 shares indirectly invested in the company. Moreover, Ladenburg Thalmann Financial Services (NYSE:LTS) is a $652.17 million market cap corporation that is engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, asset management services and trust services through its principal subsidiaries.
There are not many outside investments in the company, however, one major player, Billionaire Ken Griffin and his Citadel Investment Group hedge fund has substantial holdings in the company even after dropping its involvement by 2% over the last quarter. Currently, the fund holds 271,729 shares worth about $856 thousand in the financial services company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.