GWG (NASDAQ:GWGH) Upgraded to Buy by ValuEngine

GWG (NASDAQ:GWGH) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

GWG stock traded down $0.01 during mid-day trading on Thursday, reaching $9.27. 4,900 shares of the company’s stock were exchanged, compared to its average volume of 20,318. The business’s fifty day simple moving average is $9.37 and its 200 day simple moving average is $10.79. The firm has a market capitalization of $323.72 million, a PE ratio of -1.15 and a beta of 0.09. GWG has a one year low of $4.80 and a one year high of $17.50. The company has a quick ratio of 30.61, a current ratio of 30.61 and a debt-to-equity ratio of 27.55.

GWG (NASDAQ:GWGH) last issued its quarterly earnings results on Monday, August 5th. The financial services provider reported ($0.57) EPS for the quarter. The company had revenue of $25.22 million during the quarter. On average, sell-side analysts forecast that GWG will post -0.89 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Moloney Securities Asset Management LLC raised its stake in shares of GWG by 24.0% in the second quarter. Moloney Securities Asset Management LLC now owns 18,830 shares of the financial services provider’s stock valued at $134,000 after buying an additional 3,650 shares during the period. Vanguard Group Inc. raised its stake in shares of GWG by 206.1% in the second quarter. Vanguard Group Inc. now owns 190,176 shares of the financial services provider’s stock valued at $1,358,000 after buying an additional 128,054 shares during the period. Finally, BlackRock Inc. raised its stake in shares of GWG by 20,940.5% in the second quarter. BlackRock Inc. now owns 100,153 shares of the financial services provider’s stock valued at $715,000 after buying an additional 99,677 shares during the period. Hedge funds and other institutional investors own 0.63% of the company’s stock.

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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