Sunday, 19 May 2019

GWG (GWGH) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of GWG (NASDAQ:GWGH) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

According to Zacks, “GWG Holdings, Inc. and its subsidiaries are engaged in the life insurance secondary market. It offers a variety of solutions for seniors who own life insurance. The Company’s services allow policyholders to sell, keep, trade or gift their life insurance based upon their needs today. GWG Holdings, Inc. is based in Minneapolis, Minnesota. “

GWGH has been the subject of a number of other reports. ValuEngine raised GWG from a strong sell rating to a sell rating in a research note on Friday, November 2nd. Maxim Group reaffirmed a buy rating and set a $14.00 price objective on shares of GWG in a research note on Thursday, August 16th.

Shares of NASDAQ GWGH traded up $0.10 during midday trading on Thursday, hitting $6.10. The stock had a trading volume of 81 shares, compared to its average volume of 5,605. The stock has a market capitalization of $34.30 million, a P/E ratio of 1.93, a price-to-earnings-growth ratio of 0.64 and a beta of 1.05. GWG has a fifty-two week low of $5.47 and a fifty-two week high of $13.10.

GWG (NASDAQ:GWGH) last released its earnings results on Wednesday, August 15th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.85) by $2.61. The company had revenue of $24.32 million during the quarter, compared to analysts’ expectations of $22.33 million. GWG had a negative return on equity of 87.97% and a negative net margin of 38.85%. As a group, equities research analysts forecast that GWG will post 0.46 earnings per share for the current year.

An institutional investor recently bought a new position in GWG stock. Groesbeck Investment Management Corp NJ acquired a new position in shares of GWG Holdings Inc (NASDAQ:GWGH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,455 shares of the financial services provider’s stock, valued at approximately $275,000. Groesbeck Investment Management Corp NJ owned 0.61% of GWG as of its most recent SEC filing. Institutional investors and hedge funds own 0.95% of the company’s stock.

GWG Company Profile

GWG Holdings, Inc, a financial services company, purchases life insurance policies in the secondary market in the United States. It purchases or finances life insurance assets from consumers in the secondary market at a discount to the face value of the policy benefit. The company also purchases policies in the secondary market through financial advisors and appointed agents.

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