Last $6.78 USD
Change Today 0.00 / 0.00%
Volume 188.4K
IFT On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

imperial holdings inc (IFT) Snapshot

Open
$6.80
Previous Close
$6.78
Day High
$6.81
Day Low
$6.76
52 Week High
07/2/14 - $7.21
52 Week Low
03/7/14 - $5.25
Market Cap
145.1M
Average Volume 10 Days
32.5K
EPS TTM
$-0.24
Shares Outstanding
21.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMPERIAL HOLDINGS INC (IFT)

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imperial holdings inc (IFT) Details

Imperial Holdings, Inc., through its subsidiaries, operates as a specialty finance company in the United States. As of December 31, 2013, it owned and managed a portfolio of 612 life insurance policies, also referred to as life settlements. Imperial Holdings, Inc. was founded in 2006 and is based in Boca Raton, Florida.

107 Employees
Last Reported Date: 03/10/14
Founded in 2006

imperial holdings inc (IFT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $525.0K
Chief Financial Officer, Chief Credit Officer...
Total Annual Compensation: $584.9K
Senior Vice President of Finance & Operations
Total Annual Compensation: $497.0K
Chief Legal Officer, General Counsel and Secr...
Total Annual Compensation: $392.2K
Compensation as of Fiscal Year 2013.

imperial holdings inc (IFT) Key Developments

Imperial Holdings, Inc. Announces Dismissal of Lawsuit Brought by Sun Life and Imperial's Lawsuit Against Sun Life to Proceed

Imperial Holdings, Inc. announced that on February 4, 2015, the United States District Court for the Southern District of Florida granted its motion for summary judgment and dismissed the final two counts of an amended seven-count complaint against Imperial by Sun Life Life Assurance Company of Canada which was initially filed on April 18, 2013. Sun Life's lawsuit claimed, among other things, that a number of policies issued by it and owned by Imperial should be declared invalid. The Court also denied Sun Life's motion to dismiss Imperial's complaint against Sun Life alleging, among other things, breach of contract, breach of the covenant of good faith and fair dealing, and fraud. A trial on Imperial's claims is expected to be held in the near future.

Imperial Holdings Closes Facility for Up to $100 Million with Indaba Capital Management

Imperial Holdings, Inc. announced it has entered into an agreement to sell up to $100 million in senior secured notes to an affiliate of Indaba Capital Management, L.P. Imperial issued, and Indaba purchased, $25 million in senior secured notes and the company will issue an additional $25 million in senior secured notes once it has invested $25 million in life settlement investments. Under the facility, the Company may issue, and Indaba would be obligated to purchase the remaining $50 million in senior secured notes, in two tranches of $25 million, if certain book and market value targets are met within the next twelve months. Any senior secured notes issued under the agreement will mature three years from November 10, 2014, although the company has the option to extend the maturity by an additional 12 months. The Company intends to use proceeds of the notes to grow its portfolio of life settlement assets and for general corporate purposes. The issued notes will bear interest at a per annum rate of 12.875%.

Imperial Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Imperial Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total loss of $3,617,000 against total income of $14,809,000 a year ago. Loss from continuing operations before income taxes was $6,499,000 against income from continuing operations before income taxes of $6,106,000 a year ago. Net loss from continuing operations was $4,264,000 against net income from continuing operations of $6,106,000 a year ago. Net loss was $4,513,000 against net income of $6,161,000 a year ago. Basic and diluted LPS from continuing operations were $0.20 against basic and diluted EPS from continuing operations of $0.29 a year ago. Basic and diluted LPS were $0.21 against basic and diluted EPS of $0.29 a year ago. For the nine months, the company reported total income of $18,981,000 against $82,607,000 a year ago. Loss from continuing operations before income taxes was $16,315,000 against income from continuing operations before income taxes of $47,964,000 a year ago. Net loss from continuing operations was $13,863,000 against net income from continuing operations of $47,924,000 a year ago. Net loss was $14,317,000 against net income of $49,551,000 a year ago. Basic and diluted LPS from continuing operations were $0.65 against basic and diluted EPS from continuing operations of $2.26 a year ago. Basic and diluted LPS were $0.67 against basic and diluted EPS of $2.34 a year ago.

 

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IFT

Industry Average

Valuation IFT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 11.4x
Price/Book 0.7x
Price/Cash Flow 98.1x
TEV/Sales NM Not Meaningful
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