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 report 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 began coverage on shares of GWG Holdings in a research note on Thursday, July 21st. They issued a “buy” rating and a $10.00 target price for the company.
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Shares of GWG Holdings (NASDAQ:GWGH) traded up 4.6852% during trading on Monday, hitting $8.8773. 938 shares of the stock were exchanged. GWG Holdings has a 1-year low of $4.21 and a 1-year high of $11.56. The company’s market cap is $53.06 million. The firm’s 50-day moving average is $9.15 and its 200 day moving average is $7.52.
GWG Holdings (NASDAQ:GWGH) last released its earnings results on Tuesday, August 16th. The company reported $0.85 earnings per share for the quarter. The firm earned $20.80 million during the quarter, compared to the consensus estimate of $8.60 million. Equities analysts forecast that GWG Holdings will post $0.33 earnings per share 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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