Shares of Emergent Capital Inc. (NYSE:EMG) were up 3.7% on Friday . The company traded as high as $3.42 and last traded at $3.38, with a volume of 160,983 shares. The stock had previously closed at $3.26.

A number of analysts recently weighed in on EMG shares. TheStreet lowered shares of Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Zacks Investment Research lowered shares of Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 8th.

The company has a 50-day moving average price of $3.79 and a 200 day moving average price of $3.85.

Emergent Capital (NYSE:EMG) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.42. Emergent Capital had a negative return on equity of 14.49% and a negative net margin of 80.76%. On average, equities analysts predict that Emergent Capital Inc. will post ($0.95) EPS for the current year.

Hedge funds have recently modified their holdings of the company. Kazazian Asset Management LLC increased its stake in shares of Emergent Capital by 14.3% in the first quarter. Kazazian Asset Management LLC now owns 86,341 shares of the company’s stock worth $347,000 after buying an additional 10,832 shares during the period. Keane Capital Partners LLC bought a new stake in shares of Emergent Capital during the first quarter worth about $1,305,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of Emergent Capital by 12.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 811,930 shares of the company’s stock worth $3,264,000 after buying an additional 90,381 shares during the period. Context Capital Management LLC bought a new stake in shares of Emergent Capital during the second quarter worth about $469,000. Finally, TIG Advisors LLC bought a new stake in shares of Emergent Capital during the second quarter worth about $1,170,000. 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.

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