ValuEngine downgraded shares of GWG (NASDAQ:GWGH) from a buy rating to a hold rating in a research note published on Thursday, ValuEngine reports.

NASDAQ GWGH traded up $0.29 during trading hours on Thursday, reaching $9.79. 5,338 shares of the stock traded hands, compared to its average volume of 2,975. The stock has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $9.70. GWG has a 1 year low of $6.10 and a 1 year high of $17.50. The company has a debt-to-equity ratio of 61.52, a current ratio of 35.86 and a quick ratio of 35.86. The company has a market cap of $313.82 million, a price-to-earnings ratio of -0.57 and a beta of 0.11.

GWG (NASDAQ:GWGH) last posted its earnings results on Thursday, November 14th. The financial services provider reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.45). The company had revenue of $22.21 million during the quarter. On average, sell-side analysts forecast that GWG will post -0.89 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG boosted its position in GWG by 150.3% during the fourth quarter. UBS Group AG now owns 3,236 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,943 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in GWG by 11.7% during the third quarter. Moloney Securities Asset Management LLC now owns 21,026 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 2,196 shares during the period. State Street Corp raised its stake in GWG by 8.1% during the third quarter. State Street Corp now owns 21,876 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 1,648 shares during the period. BlackRock Inc. raised its stake in GWG by 20,940.5% during the second quarter. BlackRock Inc. now owns 100,153 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 99,677 shares during the period. Finally, Vanguard Group Inc. raised its stake in GWG by 206.1% during the second quarter. Vanguard Group Inc. now owns 190,176 shares of the financial services provider’s stock worth $1,358,000 after purchasing an additional 128,054 shares during the period. Institutional investors and hedge funds own 1.38% of the company’s stock.

About GWG

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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