Trading penny stocks can be tricky if you’re strapped for time to “flip and rip” during market hours which is why many investors look for companies they can go long on. Unless you see a total collapse of the financial system in the near future, consider NYSE MKT listed Ladenburg Thalmann Financial Services Inc. (LTS). The investment bank is now covered by analysts at Barrington Research who set an “outperform” rating and a $2.25 price target on LTS stock — a potential 61.87% increase from its current level.
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LTS Stock Chart
Market Cap: 255.32M
Close: 1.39, up 0.07 (5.39%)
Volume: 291,982
Dollar Volume: $402,935 (est.)
High: 1.40
Low: 1.32
Trades: 644
Average Trade Size: 453
Authorized: 400,000,000
Issued and Outstanding: 183,684,661
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Insiders of Ladenburg Thalmann, one of which is Forbes 100 listed billionaire Dr. Phillip Frost, have purchased 80,000 shares since the beginning of October as per their Form 4 filings (see here). That’s following the smart money seeing as how the investment banking firm has increased their revenues for the three and six month periods ended June 30, 2012 to $163.39 million and $318.10 million, respectively, from $60.23 million and $117.43 million respectively, for the same periods in 2011. That’s nearly a 200% increase!
The firm’s EBITDA is is in the black so they are making money as a firm and within a pencil length from being a paper-profit filer of net income. the next scheduled earnings date, according to Yahoo Finance, is said to be November 5, one day before the Obama v. Romney election which could allow savvy investors a great chance to move on the data while the rest of America prepares to leave no hanging chads on Tuesday.
LTS is currently trading at 3.07% above the 50 day moving average (1.35), -5.53% below the 200 day moving average (1.47), -52.72% below its 52 week high set on December 21, 2011 (2.94) and just 13.93% above its 52 week low set last week, October 12 (1.22).
About LTS Stock
Ladenburg Thalmann Financial Services Inc. is a holding company with operating subsidiaries: Ladenburg Thalmann & Co. Inc., Securities America, Inc., Investacorp, Inc., Triad Advisors, Inc., Ladenburg Thalmann Asset Management Inc. and Premier Trust, Inc. Securities America, Investacorp and Triad are registered broker-dealers and investment advisors that have been serving the independent financial advisor community since 1984, 1978 and 1998, respectively.
Ladenburg is a full service registered broker-dealer that has been a member of the New York Stock Exchange since 1879.
Click here to view the SEC filings for LTS.
Bottom Line: LTS is one of those sleeping financial penny stocks, very similar to our alert on Lloyds TSB Group plc (LYG) back in May which hit a new 52 week high Tuesday, 2.75; a gain of 79.74% since our alert. Translation: get LTS stock on your list to watch and plan on reviewing the 10-Q for Q3 in less than three weeks when its filed.
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