GWG (GWGH) Sets New 52-Week Low at $4.80
GWG Holdings Inc (NASDAQ:GWGH) hit a new 52-week low during trading on Tuesday . The company traded as low as $4.80 and last traded at $5.50, with a volume of 3676 shares. The stock had previously closed at $5.97.
GWGH has been the subject of a number of analyst reports. Zacks Investment Research raised GWG from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research note on Monday, October 22nd. Maxim Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of GWG in a research note on Thursday, August 16th. Finally, ValuEngine raised GWG from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th.
The company has a market capitalization of $35.46 million, a P/E ratio of 1.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.05.
An institutional investor recently bought a new position in GWG stock. Groesbeck Investment Management Corp NJ bought a new position in shares of GWG Holdings Inc (NASDAQ:GWGH) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 35,455 shares of the financial services provider’s stock, valued at approximately $275,000. Groesbeck Investment Management Corp NJ owned approximately 0.61% of GWG at the end of the most recent quarter. 0.95% of the stock is owned by institutional investors.
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GWG Company Profile (NASDAQ:GWGH)
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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