Emergent Capital Inc. (EMG) Trading Up 11.1%
Emergent Capital Inc. (NYSE:EMG) was up 11.1% during trading on Monday . The stock traded as high as $4.39 and last traded at $4.12, with a volume of 185,976 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’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) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.26. On average, analysts expect that Emergent Capital Inc. will post $0.05 EPS 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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