Emergent Capital’s (EMG) “Outperform” Rating Reaffirmed at Royal Bank Of Canada
Shares of Emergent Capital (EMG) remained flat at $0.30 on Monday. 3,492,420 shares of the company were exchanged. The stock has a 50 day moving average of $0.68 and a 200-day moving average of $2.39. Emergent Capital has a 12 month low of $0.20 and a 12 month high of $4.59.
A hedge fund recently raised its stake in Emergent Capital stock. Renaissance Technologies LLC increased its position in shares of Emergent Capital Inc (NYSE:EMG) by 399.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,200 shares of the financial services provider’s stock after buying an additional 130,500 shares during the period. Renaissance Technologies LLC’s holdings in Emergent Capital were worth $197,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 52.26% of the company’s stock.
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.
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