Emergent Capital Inc (EMGC) Releases Quarterly Earnings Results
Emergent Capital Inc (NASDAQ:EMGC) released its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $24.49 million for the quarter. Emergent Capital had a negative return on equity of 15.14% and a negative net margin of 187.06%.
Shares of Emergent Capital (EMGC) traded up $0.01 during trading hours on Friday, reaching $0.38. The company had a trading volume of 68,882 shares.
In other Emergent Capital news, CEO Antony Mitchell sold 5,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $0.20, for a total transaction of $1,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Hua purchased 135,000 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $0.36 per share, for a total transaction of $48,600.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 247,074 shares of company stock worth $99,033.
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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