Price Don’t Lie: What’s in Emergent Capital Inc After Today’s Huge Increase?

Price Don't Lie: What's in Emergent Capital Inc After Today's Huge Increase?

The stock of Emergent Capital Inc (NYSE:EMG) is a huge mover today! About 86,154 shares traded hands or 36.23% up from the average. Emergent Capital Inc (NYSE:EMG) has declined 32.84% since April 4, 2016 and is downtrending. It has underperformed by 33.93% the S&P500.
The move comes after 9 months positive chart setup for the $81.97 million company. It was reported on Nov, 4 by Barchart.com. We have $7.55 PT which if reached, will make NYSE:EMG worth $127.87M more.

Analysts await Emergent Capital Inc (NYSE:EMG) to report earnings on November, 14. They expect $-0.17 earnings per share, up 64.58% or $0.31 from last year’s $-0.48 per share. After $0.11 actual earnings per share reported by Emergent Capital Inc for the previous quarter, Wall Street now forecasts -254.55% negative EPS growth.

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 notable recent Emergent Capital Inc (NYSE:EMG) news were published by: Prnewswire.com which released: “Emergent Capital, Inc. Announces Second Quarter 2016 Results” on August 03, 2016, also Prnewswire.com with their article: “Emergent Capital, Inc. Announces Offering Of Senior Notes Due 2021” published on February 01, 2016, Prnewswire.com published: “Emergent Capital, Inc. Announces Lawsuit Challenging Bylaw Dismissed” on September 11, 2015. More interesting news about Emergent Capital Inc (NYSE:EMG) were released by: Prnewswire.com and their article: “Emergent Capital Announces Conclusion of Investigation by U.S. Attorney’s Office” published on January 04, 2016 as well as Prnewswire.com‘s news article titled: “Imperial Holdings Announces Name Change to Emergent Capital” with publication date: August 31, 2015.

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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