J.G. Wentworth Co. (JGWE) Major Shareholder Special Situations M. Trishield Sells 2,311,589 Shares
J.G. Wentworth Co. (OTCMKTS:JGWE) major shareholder Special Situations M. Trishield sold 2,311,589 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $0.02, for a total transaction of $46,231.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of J.G. Wentworth Co. (OTCMKTS JGWE) traded up $0.01 during mid-day trading on Tuesday, reaching $0.04. 9,941,146 shares of the company’s stock traded hands, compared to its average volume of 1,168,122. The company has a debt-to-equity ratio of -71.74, a quick ratio of 7.99 and a current ratio of 7.99. J.G. Wentworth Co. has a 52-week low of $0.01 and a 52-week high of $0.46.
J.G. Wentworth (OTCMKTS:JGWE) last announced its earnings results on Monday, August 14th. The financial services provider reported ($0.44) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.55). The business had revenue of $101.41 million for the quarter.
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The J.G. Wentworth Company is a diversified financial services company. The Company focuses on providing solutions to consumers in need of cash. The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such as structured settlements, annuities, and lottery winnings, by either purchasing these financial assets for a lump-sum payment, issuing installment obligations payable over time, or serving as a broker to other purchasers of those financial assets.
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