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.

TRADEMARK VIOLATION NOTICE: This article was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/11/04/emergent-capital-inc-emgc-releases-quarterly-earnings-results.html.

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.

Receive News & Ratings for Emergent Capital Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emergent Capital Inc and related companies with MarketBeat.com's FREE daily email newsletter.