Richard Lampen (Insider Trades), CEO and president of Ladenburg Thalmann Financial Services Inc. (LTS), bought 5,000 shares of the company on Sept. 22. The average price per share was $2.28 for a total transaction cost of $11,400. Ladenburg Thalmann is a financial services company committed to investing in the growth of its subsidiaries while respecting and maintaining their individual business identities, cultures and leadership. The company has a market cap of $419.54 million and a P/S ratio of 0.39.
The number, but not the volume of insider buys of the company decreased from 2012 to 2015. There were 75 LTS insider buys totaling 804,000 shares in 2012, but 26 totaling 260,500 shares from January to September of this year alone. The volume of insider buys increased from 804,000, to 999,552, to 1.343 million in 2012, 2013, and 2014. The volume of insider buys increased during the beginning of 2014, despite the increase in month-end price. 
Lampen bought 213,000 LTS shares in 28 transactions with the company since 2012. Lampen’s buys in 2012 have increased about 20% in price since then. For more information about insider transactions with the company, click here.
Ladenburg Thalmann reported a net loss of $9.621 million, or 5 cents per share in the second quarter of 2015. Net income decreased 1,156% from a net loss of $766,000 reported by the company in the second quarter of 2014. Annual net income for the company follows an increasing trend since 2000. The company also reported total revenue of $296.748 million, up 34.4% from the corresponding quarter in 2014. Annual revenue increased 52.16% since 2010. 
Lampen commented that the business will have “momentum as a result of new business development, acquisitions and recruiting,” and that the company experienced “significant growth over the past 12 months in revenues and produced meaningful adjusted EBITDA.” Ladenburg Thalmann announced 16 cents per share third quarter dividends for its 8.00% Series A Cumulative Redeemable Preferred Stock on July 1.
According to GuruFocus.com information, Ladenburg Thalmann has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
During the second quarter,Ă‚ Jim Simons (Trades, Portfolio) (Trades, Portfolio) reduced his stake in the company by 72.76%, selling 44,356 shares at an average per share price of $3.53. The total estimated gain of the holding since the third quarter of 2013 is 37%. For more information about guru transactions with LTS, click here.
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