Insider Buying: Emergent Capital Inc (EMGC) Director Acquires $48,600.00 in Stock
Emergent Capital Inc (NASDAQ:EMGC) Director James Hua bought 135,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $0.36 per share, for a total transaction of $48,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Emergent Capital Inc (EMGC) opened at 0.3849 on Monday. The company’s 50 day moving average is $0.33 and its 200 day moving average is $0.29. Emergent Capital Inc has a 52-week low of $0.19 and a 52-week high of $3.85. The firm’s market cap is $58.56 million.
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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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