FBR & Co Reiterates Buy Rating for Emergent Capital Inc. (EMG)
Emergent Capital Inc. (NYSE:EMG)‘s stock had its “buy” rating restated by equities researchers at FBR & Co in a research note issued on Tuesday. They presently have a $4.00 price target on the stock. FBR & Co’s target price suggests a potential upside of 55.04% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. TheStreet cut Emergent Capital from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Zacks Investment Research cut Emergent Capital from a “hold” rating to a “sell” rating in a report on Monday, August 8th.
Emergent Capital (NYSE:EMG) opened at 2.58 on Tuesday. The firm’s 50-day moving average price is $2.81 and its 200-day moving average price is $3.49. Emergent Capital has a one year low of $2.51 and a one year high of $4.59.
Emergent Capital (NYSE:EMG) last posted its quarterly earnings results on Monday, November 7th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.14. Emergent Capital had a negative return on equity of 12.57% and a negative net margin of 80.76%. Analysts forecast that Emergent Capital will post ($0.95) earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. Keane Capital Partners LLC purchased a new position in shares of Emergent Capital during the first quarter worth about $1,305,000. Vanguard Group Inc. boosted its position in shares of Emergent Capital by 2.4% in the second quarter. Vanguard Group Inc. now owns 824,908 shares of the company’s stock worth $2,772,000 after buying an additional 19,110 shares during the last quarter. K2 Principal Fund L.P. purchased a new position in shares of Emergent Capital during the second quarter worth about $1,142,000. TIG Advisors LLC purchased a new position in shares of Emergent Capital during the second quarter worth about $1,170,000. Finally, Context Capital Management LLC purchased a new position in shares of Emergent Capital during the second quarter worth about $469,000. 54.21% of the stock is owned by institutional investors and hedge funds.
About Emergent Capital
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 & Stock 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 stocks with our FREE daily email newsletter.