Emergent Capital Inc. (EMG) Stock Price Up 2.4%
Emergent Capital Inc. (NYSE:EMG)’s share price rose 2.4% during mid-day trading on Wednesday . The stock traded as high as $3.41 and last traded at $3.39, with a volume of 91,399 shares. The stock had previously closed at $3.31.
EMG has been the topic of several research reports. FBR & Co reissued a “buy” rating on shares of Emergent Capital in a research note on Wednesday, March 16th. Zacks Investment Research lowered Emergent Capital from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 17th.
The stock’s 50 day moving average price is $3.95 and its 200-day moving average price is $4.03.
Emergent Capital (NYSE:EMG) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.26. On average, analysts anticipate that Emergent Capital Inc. will post $0.05 earnings per share for the current fiscal year.
Emergent Capital, Inc, formerly Imperial Holdings, Inc, is a specialty finance company that invests in asset classes, primarily life settlements. The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data.
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