Zacks Investment Research cut shares of GWG (NASDAQ:GWGH) from a hold rating to a sell rating in a report published on Wednesday, January 10th.
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. “
Separately, ValuEngine raised shares of GWG from a buy rating to a strong-buy rating in a research note on Wednesday, January 3rd.
GWG (GWGH) opened at $8.60 on Wednesday. GWG has a fifty-two week low of $7.64 and a fifty-two week high of $11.25. The company has a debt-to-equity ratio of -21.50, a current ratio of 20.89 and a quick ratio of 20.89. The company has a market cap of $47.09, a PE ratio of -2.46 and a beta of 0.40.
GWG (NASDAQ:GWGH) last posted its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.01) by $1.95. GWG had a negative net margin of 28.93% and a negative return on equity of 121.72%. analysts anticipate that GWG will post -3.73 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in GWG stock. Perkins Capital Management Inc. purchased a new position in shares of GWG Holdings, Inc (NASDAQ:GWGH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,400 shares of the financial services provider’s stock, valued at approximately $105,000. Perkins Capital Management Inc. owned approximately 0.18% of GWG at the end of the most recent quarter. 50.80% of the stock is owned by institutional investors.
GWG Company Profile
GWG Holdings, Inc is the parent company of GWG Life, is a financial services company. The Company is focused on transforming the life insurance industry through its products and services. The Company has developed a new suite of options for the life insurance secondary market called LifeCare Xchange (LCX).
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