GWG (GWGH) Cut to Sell at Zacks Investment Research

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

Separately, ValuEngine upgraded GWG from a buy rating to a strong-buy rating in a report on Wednesday, January 3rd.

Shares of GWG (NASDAQ:GWGH) opened at $8.49 on Wednesday. The company has a current ratio of 20.89, a quick ratio of 20.89 and a debt-to-equity ratio of -21.50. GWG has a fifty-two week low of $7.64 and a fifty-two week high of $11.25. The stock has a market capitalization of $49.53, a PE ratio of 2.58 and a beta of 0.40.

A hedge fund recently bought a new stake in GWG stock. Institute for Wealth Management LLC. purchased a new position in shares of GWG Holdings, Inc (NASDAQ:GWGH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,224,000 shares of the financial services provider’s stock, valued at approximately $1,224,000. Institute for Wealth Management LLC. owned approximately 21.17% of GWG as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 50.80% of the company’s stock.

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About GWG

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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