Zacks Investment Research Downgrades GWG Holdings Inc (GWGH) to Hold
GWG Holdings Inc (NASDAQ:GWGH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “GWG Holdings, Inc. and its subsidiaries are engaged in the life insurance secondary market. It offers a variety of solutions for seniors who own life insurance. The Company’s services allow policyholders to sell, keep, trade or gift their life insurance based upon their needs today. GWG Holdings, Inc. is based in Minneapolis, Minnesota. “
Separately, Maxim Group started coverage on shares of GWG Holdings in a research note on Thursday, July 21st. They set a “buy” rating and a $10.00 target price for the company.
GWG Holdings (NASDAQ:GWGH) traded up 4.6852% during mid-day trading on Monday, hitting $8.8773. 938 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $9.15 and a 200 day moving average of $7.52. GWG Holdings has a 52 week low of $4.21 and a 52 week high of $11.56. The stock’s market capitalization is $53.06 million.
GWG Holdings (NASDAQ:GWGH) last released its earnings results on Tuesday, August 16th. The company reported $0.85 EPS for the quarter. The company had revenue of $20.80 million for the quarter, compared to analyst estimates of $8.60 million. Equities analysts forecast that GWG Holdings will post $0.33 earnings per share for the current fiscal year.
GWG Holdings Company Profile
GWG Holdings, Inc is a specialty finance company. The Company is a financial purchaser of life insurance assets in the secondary market. The Company creates opportunities for consumers owning life insurance to obtain value for their policies as compared to the traditional options offered by insurance companies.
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