GWG (GWGH) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of GWG (NASDAQ:GWGH) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Separately, Zacks Investment Research cut shares of GWG from a strong-buy rating to a hold rating in a research report on Tuesday, July 17th.

Shares of NASDAQ:GWGH traded down $0.05 during trading on Wednesday, hitting $10.90. 35,555 shares of the company’s stock were exchanged, compared to its average volume of 4,758. GWG has a 1-year low of $7.10 and a 1-year high of $12.11. The company has a debt-to-equity ratio of -13.97, a current ratio of 22.17 and a quick ratio of 22.17. The stock has a market cap of $47.58 million, a price-to-earnings ratio of 3.45, a P/E/G ratio of 0.20 and a beta of 0.45.

GWG (NASDAQ:GWGH) last issued its quarterly earnings results on Wednesday, August 15th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of ($0.85) by $2.61. GWG had a negative net margin of 56.86% and a negative return on equity of 78.98%. The company had revenue of $24.32 million during the quarter, compared to analysts’ expectations of $22.33 million. equities research analysts anticipate that GWG will post 2.01 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Monday, August 27th will be given a dividend of $4.30 per share. The ex-dividend date is Thursday, September 6th.

About GWG

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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