GWG Holdings, Inc (GWGH) Upgraded to “Buy” by Zacks Investment Research
GWG Holdings, Inc (NASDAQ:GWGH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $12.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 17.91% from the stock’s current price.
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 topic of a number of other reports. Roth Capital set a $15.00 price target on shares of GWG Holdings and gave the stock a “buy” rating in a research note on Monday, August 14th. ValuEngine upgraded shares of GWG Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 5th.
GWG Holdings (GWGH) traded down 1.5716% during midday trading on Monday, hitting $10.1775. 5,248 shares of the stock traded hands. The company’s market cap is $58.86 million. GWG Holdings has a one year low of $7.32 and a one year high of $11.25. The company’s 50 day moving average is $10.15 and its 200-day moving average is $10.31.
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A hedge fund recently bought a new stake in GWG Holdings stock. Institute for Wealth Management LLC. purchased a new position in shares of GWG Holdings, Inc (NASDAQ:GWGH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,224,000 shares of the financial services provider’s stock, valued at approximately $1,224,000. Institute for Wealth Management LLC. owned 21.17% of GWG Holdings as of its most recent SEC filing. Hedge funds and other 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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