GWG (NASDAQ:GWGH) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday.
A number of other analysts also recently issued reports on GWGH. Maxim Group restated a “buy” rating and issued a $14.00 price target on shares of GWG in a research report on Thursday, August 16th. Zacks Investment Research upgraded GWG from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Monday, October 22nd.
GWGH stock opened at $5.60 on Wednesday. GWG has a fifty-two week low of $4.80 and a fifty-two week high of $13.10. The firm has a market capitalization of $32.05 million, a P/E ratio of 1.77, a price-to-earnings-growth ratio of 0.58 and a beta of 1.05.
A hedge fund recently bought a new stake in GWG stock. Groesbeck Investment Management Corp NJ purchased a new position in GWG Holdings Inc (NASDAQ:GWGH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,455 shares of the financial services provider’s stock, valued at approximately $275,000. Groesbeck Investment Management Corp NJ owned about 0.61% of GWG as of its most recent SEC filing. 1.12% of the stock is currently owned by hedge funds and other institutional investors.
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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