ValuEngine upgraded shares of GWG (NASDAQ:GWGH) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning, ValuEngine reports.
Separately, Zacks Investment Research lowered shares of GWG from a buy rating to a hold rating in a research note on Saturday, February 23rd.
GWGH opened at $9.61 on Wednesday. GWG has a 1-year low of $4.80 and a 1-year high of $17.50. The company has a market capitalization of $59.83 million, a price-to-earnings ratio of 4.29 and a beta of 0.31.
Several hedge funds have recently added to or reduced their stakes in the company. Institute for Wealth Management LLC. purchased a new stake in shares of GWG during the 4th quarter valued at approximately $100,000. Tibra Equities Europe Ltd purchased a new stake in shares of GWG during the 1st quarter valued at approximately $292,000. Citigroup Inc. purchased a new stake in shares of GWG during the 1st quarter valued at approximately $33,000. Finally, Morgan Stanley purchased a new stake in shares of GWG during the 1st quarter valued at approximately $32,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.
GWG Company Profile
GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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