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.
ILLEGAL ACTIVITY WARNING: “GWG (GWGH) Cut to Sell at Zacks Investment Research” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/01/14/gwg-gwgh-cut-to-sell-at-zacks-investment-research.html.
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).
Get a free copy of the Zacks research report on GWG (GWGH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GWG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GWG and related companies with MarketBeat.com's FREE daily email newsletter.