Shares of Emergent Capital Inc. (NYSE:EMG) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $6.00 for the company and are forecasting that the company will post ($0.17) earnings per share for the current quarter, according to Zacks. Zacks has also given Emergent Capital an industry rank of 166 out of 265 based on the ratings given to its competitors.
A number of analysts have commented on the company. Zacks Investment Research raised 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.
Emergent Capital (NYSE:EMG) opened at 2.90 on Thursday. Emergent Capital has a 12-month low of $2.85 and a 12-month high of $5.08. The firm has a 50-day moving average price of $3.43 and a 200-day moving average price of $3.76.
Emergent Capital (NYSE:EMG) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.42. Emergent Capital had a negative return on equity of 14.49% and a negative net margin of 80.76%. Analysts anticipate that Emergent Capital will post ($0.95) earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of EMG. Kazazian Asset Management LLC boosted its position in shares of Emergent Capital by 14.3% in the first quarter. Kazazian Asset Management LLC now owns 86,341 shares of the company’s stock valued at $347,000 after buying an additional 10,832 shares during the period. Context Capital Management LLC bought a new position in shares of Emergent Capital during the second quarter valued at about $469,000. K2 Principal Fund L.P. bought a new position in shares of Emergent Capital during the second quarter valued at about $1,142,000. TIG Advisors LLC bought a new position in shares of Emergent Capital during the second quarter valued at about $1,170,000. Finally, Keane Capital Partners LLC bought a new position in shares of Emergent Capital during the first quarter valued at about $1,305,000. 54.21% of the stock is owned by institutional investors and hedge funds.
Emergent Capital Company Profile
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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