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 note issued to investors 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 initiated coverage on GWG Holdings in a report on Thursday, July 21st. They issued a “buy” rating and a $10.00 target price on the stock.
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GWG Holdings (NASDAQ:GWGH) traded up 4.6852% on Monday, hitting $8.8773. The stock had a trading volume of 938 shares. The firm’s market cap is $53.06 million. The company’s 50 day moving average is $9.15 and its 200 day moving average is $7.52. GWG Holdings has a 12-month low of $4.21 and a 12-month high of $11.56.
GWG Holdings (NASDAQ:GWGH) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $20.80 million for the quarter, compared to analyst estimates of $8.60 million. On average, equities research analysts expect that GWG Holdings will post $0.33 EPS for the current fiscal year.
About GWG Holdings
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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