Roy Patterson Buys 124,132 Shares of Emergent Capital Inc (EMGC) Stock

Emergent Capital Inc (OTCMKTS:EMGC) Director Roy Patterson bought 124,132 shares of the stock in a transaction on Tuesday, December 26th. The shares were acquired at an average cost of $0.39 per share, for a total transaction of $48,411.48. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Roy Patterson also recently made the following trade(s):

  • On Wednesday, November 22nd, Roy Patterson bought 38,330 shares of Emergent Capital stock. The shares were acquired at an average cost of $0.37 per share, for a total transaction of $14,182.10.

Shares of Emergent Capital Inc (OTCMKTS:EMGC) remained flat at $$0.40 during midday trading on Tuesday. 72,870 shares of the company traded hands, compared to its average volume of 199,434. Emergent Capital Inc has a 52-week low of $0.19 and a 52-week high of $1.41. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52.

Emergent Capital (OTCMKTS:EMGC) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.03 EPS for the quarter. The business had revenue of $24.49 million during the quarter. Emergent Capital had a negative return on equity of 12.80% and a negative net margin of 42.49%.

Separately, ValuEngine raised Emergent Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st.

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Emergent Capital Company Profile

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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