Ladenburg posts 4Q profit
Ladenburg Thalmann posts profit of $10.4 million in 4th quarter
3 hours ago
MIAMI (AP) _ Ladenburg Thalmann Financial Services Inc. (LTS) on Tuesday reported net income of $10.4 million in its fourth quarter.
The Miami-based bank said it had earnings of 2 cents per share.
The banking and brokerage company posted revenue of $265 million in the period.
For the year, the company reported net income of $33.4 million, or 8 cents per share, swinging to a profit in the period. Revenue was reported as $921.3 million.
The company's shares closed at $3.93. A year ago, they were trading at $3.
Avg Vol (3 month)3: 262,328
Avg Vol (10 day)3: 155,300
Shares Outstanding5: 185.33M
% Held by Insiders1: 45.25%
% Held by Institutions1: 12.10%
Shares Short (as of Feb 27, 2015)3: 6.50M
Short Ratio (as of Feb 27, 2015)3: 29.50
Short % of Float (as of Feb 27, 2015)3: 6.50%
Shares Short (prior month)3: 6.50M