Imperial Holdings: 4 Different Insiders Have Purchased Shares This Month

| About: Emergent Capital, (EMG)

Summary

Four insiders purchased Imperial Holdings stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

Three of these four insiders increased their holdings by more than 10%.

Imperial Holdings (IFT) operates as a specialty finance company in the United States.

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Insider buying during the last 30 days

Here is a table of Imperial Holdings' insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Rule 10b5-1 Current Ownership Increase In Shares
Richard Dayan Director March 24 5,000 No 20,381 shares +32.5%
James Chadwick Director March 20 1,800 No 5,181 shares +53.2%
Antony Mitchell CEO March 13 35,000 No 719,334 shares +5.1%
Gerald Hellerman Director March 13 5,000 No 30,809 shares +19.4%
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There have been 46,800 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Imperial Holdings' insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
March 2014 46,800 0
February 2014 0 0
January 2014 0 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 0 0
July 2013 0 0
June 2013 0 0
May 2013 0 0
April 2013 0 0
March 2013 0 0
February 2013 0 0
January 2013 0 0
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There have been 46,800 shares purchased, and there have been zero shares sold by insiders since January 2013. The month of March 2014 has seen all of the insider buying.

Financials

Imperial Holdings reported the full-year 2013 financial results on March 10 with the following highlights:

Net income $51.8 million
Cash $22.7 million
Debt $123.8 million
Book value $9.11 per share
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The four insiders purchased their shares after these results.

Competition

Imperial Holdings' competitors include Citizens (NYSE:CIA), and National Western Life Insurance Company (NASDAQ:NWLI). Here is a table comparing these companies.

Company IFT CIA NWLI
Market Cap: 127.95M 377.11M 912.13M
Employees: 107 N/A 279
Qtrly Rev Growth (yoy): N/A 0.05 0.73
Revenue: 73.39M 213.64M 860.27M
Gross Margin: 0.97 0.17 0.28
EBITDA: N/A 10.60M 152.87M
Operating Margin: 0.69 0.03 0.17
Net Income: 51.82M 4.79M 96.25M
EPS: 3.08 0.10 26.45
P/E: 1.96 78.33 9.40
P/S: 1.74 1.81 1.05
P/B: 0.66 1.57 0.62
Insider Ownership: 15.40% 18.14% 34.35%
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Imperial Holdings has the lowest P/E ratio among these three companies.

Here is a table of these competitors' insider activities during the last 12 months.

Company Insider buying / shares Insider selling / shares
CIA 10,000 400
NWLI 10 9,157
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Only Imperial Holdings has seen intensive insider buying during the last 30 days.

Conclusion

There have been four different insiders buying Imperial Holdings, and there have not been any insiders selling Imperial Holdings during the last 30 days. Three of these four insiders increased their holdings by more than 10%. Imperial Holdings has an insider ownership of 15.40%.

The four insiders purchased their shares at prices ranging from $5.60 to $6.08. I believe Imperial Holdings could be a good pick below $6 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in IFT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.