GWG Holdings, Inc (GWGH) Upgraded at Zacks Investment Research
GWG Holdings, Inc (NASDAQ:GWGH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $11.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 9.77% from the stock’s previous close.
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. “
GWGH has been the subject of several other reports. ValuEngine raised shares of GWG Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 5th. Roth Capital set a $15.00 target price on shares of GWG Holdings and gave the stock a “buy” rating in a research note on Monday, August 14th.
GWG Holdings (NASDAQ GWGH) traded down 1.720% on Tuesday, reaching $10.021. The company had a trading volume of 5,873 shares. GWG Holdings has a 52-week low of $7.32 and a 52-week high of $11.25. The stock’s market capitalization is $57.95 million. The stock has a 50 day moving average price of $10.20 and a 200 day moving average price of $10.34.
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An institutional investor recently bought a new position in GWG Holdings stock. Institute for Wealth Management LLC. acquired a new position in GWG Holdings, Inc (NASDAQ:GWGH) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,224,000 shares of the financial services provider’s stock, valued at approximately $1,224,000. Institute for Wealth Management LLC. owned approximately 21.17% of GWG Holdings at the end of the most recent reporting period. Institutional investors own 42.46% of the company’s stock.
About GWG Holdings
GWG Holdings, Inc is the parent company of GWG Life, is a financial services company. The Company is focused on transforming the life insurance industry through its products and services. The Company has developed a new suite of options for the life insurance secondary market called LifeCare Xchange (LCX).
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