Emergent Capital Inc. (EMG) Sees Large Volume Increase
Emergent Capital Inc. (NYSE:EMG) shares saw unusually-strong trading volume on Tuesday . Approximately 88,149 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 62,824 shares.The stock last traded at $3.79 and had previously closed at $3.77.
Separately, Zacks Investment Research upgraded shares of Emergent Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
The firm’s 50 day moving average is $3.95 and its 200 day moving average 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. Equities research analysts expect that Emergent Capital Inc. will post $0.05 earnings per share for the current 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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