Emergent Capital Inc. (EMG) Trading 3.8% Higher
Shares of Emergent Capital Inc. (NYSE:EMG) traded up 3.8% on Wednesday . The company traded as high as $3.83 and last traded at $3.78, with a volume of 59,208 shares trading hands. The stock had previously closed at $3.64.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Emergent Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. TheStreet cut Emergent Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 22nd.
The company has a 50 day moving average of $3.79 and a 200 day moving average of $3.88.
Emergent Capital (NYSE:EMG) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.42. On average, equities research analysts forecast that Emergent Capital Inc. will post ($0.95) 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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