Emergent Capital Inc. (EMG) Stock Price Up 1.6%
Emergent Capital Inc. (NYSE:EMG)’s share price rose 1.6% on Monday . The stock traded as high as $3.79 and last traded at $3.77, with a volume of 66,564 shares trading hands. The stock had previously closed at $3.71.
Separately, Zacks Investment Research raised Emergent Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th.
The company has a 50 day moving average of $3.95 and a 200-day moving average of $4.03.
Emergent Capital (NYSE:EMG) last released its earnings results on Monday, May 9th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.26. On average, analysts predict that Emergent Capital Inc. will post $0.05 EPS 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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