The stock of Emergent Capital Inc (NYSE:EMG) is a huge mover today! About 90,151 shares traded hands or 52.07% up from the average. Emergent Capital Inc (NYSE:EMG) has declined 46.79% since April 14, 2016 and is downtrending. It has underperformed by 51.48% the S&P500.
The move comes after 7 months negative chart setup for the $59.20 million company. It was reported on Nov, 16 by Barchart.com. We have $1.90 PT which if reached, will make NYSE:EMG worth $6.51 million less.
According to Zacks Investment Research, “Emergent Capital, Inc. is a specialty finance company which invests in esoteric asset classes, primarily life settlements. It purchases individual policies and portfolios of life insurance policies. The Company manages those assets based on actuarial and market data. It provides customized liquidity solutions to owners of illiquid financial assets, which include life finance and structured settlements. Emergent Capital, Inc., formerly known as Imperial Holdings Inc., is based in Boca Raton, Florida.”
More important recent Emergent Capital Inc (NYSE:EMG) news were published by: Prnewswire.com which released: “Emergent Capital, Inc. Announces Third Quarter 2016 Results” on November 07, 2016, also Prnewswire.com published article titled: “Emergent Capital Announces Third Quarter 2016 Earnings Conference Call”, Prnewswire.com published: “Emergent Capital, Inc. Announces Second Quarter 2016 Results” on August 03, 2016. More interesting news about Emergent Capital Inc (NYSE:EMG) was released by: Prnewswire.com and their article: “Emergent Capital, Inc. Announces Offering Of Senior Notes Due 2021” with publication date: February 01, 2016.
EMG Company Profile
Emergent Capital, Inc., formerly Imperial Holdings, Inc., incorporated on February 2, 2011, is a specialty finance firm 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 Firm purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data.
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