Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Nantahala Capital Bought 6.47% Passive Stake in $IFT

Nantahala Capital reported 6.47% passive stake in Imperial Holdings, Inc. (IFT) through its 13G filing on November 2nd. According to the filing, Nantahala Capital now has 1.37 million shares in IFT in its position, while the firm’s previous position in the second quarter is unavailable. IFT initial offered 16.7 million common shares at $10.75 per share on February 7th. The stock plunged 75% on September 28th when Federal agents raided the firm’s Florida offices and investigated its chairman and chief executives about its life-insurance business. Now IFT has lost 81% year to date and is trading at $2.31.

Nantahala Capital is a private Securities Brokerage firm based in New Haven, CT. This firm manages 7 accounts and has about $197 million of assets under management.

Imperial Holdings, Inc. operates as a specialty finance company in the United States It through its subsidiaries provides premium financing for individual life insurance policies issued by insurance companies, and structured settlements. The company was founded in 2006 and is based in Boca Raton, Florida.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.