Emergent Capital Inc. (NYSE:EMG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

According to Zacks, “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. “

EMG has been the topic of a number of other research reports. TheStreet lowered shares of Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. FBR & Co reaffirmed a “buy” rating and issued a $4.00 price target on shares of Emergent Capital in a research note on Tuesday, November 8th.

Shares of Emergent Capital (NYSE:EMG) opened at 2.50 on Thursday. The company’s 50 day moving average is $2.77 and its 200 day moving average is $3.47. Emergent Capital has a 12-month low of $2.40 and a 12-month high of $4.59.

Emergent Capital (NYSE:EMG) last announced its quarterly earnings results on Monday, November 7th. The company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.14. Emergent Capital had a negative net margin of 80.76% and a negative return on equity of 12.82%. On average, analysts predict that Emergent Capital will post ($1.36) EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp increased its stake in Emergent Capital by 1.3% in the third quarter. Northern Trust Corp now owns 45,759 shares of the company’s stock worth $134,000 after buying an additional 604 shares during the period. Keane Capital Partners LLC acquired a new stake in Emergent Capital during the first quarter worth about $1,305,000. TIG Advisors LLC acquired a new stake in Emergent Capital during the second quarter worth about $1,170,000. Context Capital Management LLC acquired a new stake in Emergent Capital during the second quarter worth about $469,000. Finally, Vanguard Group Inc. increased its stake in 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 period. Institutional investors own 54.21% of the company’s stock.

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.

5 Day Chart for NYSE:EMG

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