Emergent Capital Inc (EMGC) Releases Quarterly Earnings Results
Emergent Capital Inc (NASDAQ:EMGC) released its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $24.49 million during the quarter. Emergent Capital had a negative net margin of 187.06% and a negative return on equity of 15.14%.
Emergent Capital (NASDAQ EMGC) traded up $0.01 during trading on Friday, hitting $0.38. 68,882 shares of the stock traded hands.
In other news, CEO Antony Mitchell sold 5,000,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $0.20, for a total transaction of $1,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Hua purchased 135,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $0.36 per share, with a total value of $48,600.00. The disclosure for this purchase can be found here. Insiders have bought 247,074 shares of company stock valued at $99,033 in the last 90 days.
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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