GWG (NASDAQ:GWGH) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of GWG from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Maxim Group reiterated a “buy” rating and issued a $14.00 price objective on shares of GWG in a research note on Tuesday, January 23rd.
Shares of GWG (NASDAQ GWGH) opened at $8.89 on Friday. The company has a market cap of $51.68, a PE ratio of 2.69 and a beta of 0.44. The company has a debt-to-equity ratio of -21.50, a quick ratio of 20.89 and a current ratio of 20.89. GWG has a twelve month low of $7.78 and a twelve month high of $11.25.
GWG (NASDAQ:GWGH) last announced its earnings results on Thursday, November 9th. The financial services provider reported $0.94 EPS for the quarter, topping the 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 forecast that GWG will post -3.73 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in GWG stock. Perkins Capital Management Inc. acquired a new position in GWG Holdings Inc (NASDAQ:GWGH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent SEC filing. 50.80% of the stock is currently owned by institutional investors and hedge funds.
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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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