Emergent Capital Inc(NYSE:EMG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $-0.36.
Several Insider Transactions has been reported to the SEC. On Mar 29, 2016, Gerald Hellerman (director) purchased 5,000 shares at $3.90 per share price.Also, On Feb 4, 2016, James M Chadwick (director) purchased 95,000 shares at $4.34 per share price.On Dec 9, 2015, Richard Dayan (director) purchased 8,800 shares at $3.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Emergent Capital Inc. formerly Imperial Holdings Inc. is a specialty finance company that invests in asset classes primarily life settlements. The Company purchases individual policies and portfolios of life insurance policies. The Company manages those assets based on actuarial and market data. The Company provides customized liquidity solutions to owners of illiquid financial assets in life finance market. The Company focuses on lending to outright purchases of portfolios to tertiary trades as well as individual secondary market purchases. The Company invests in short and long-term life settlement investments. The Company through its subsidiary companies owns a portfolio of approximately 633 life insurance policies.