GWG (NASDAQ:GWGH) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Separately, Zacks Investment Research lowered shares of GWG from a “hold” rating to a “sell” rating in a research note on Monday.

Shares of GWG (GWGH) traded up $0.24 during mid-day trading on Wednesday, reaching $8.71. 12,872 shares of the company’s stock were exchanged, compared to its average volume of 6,550. The company has a market cap of $48.37, a price-to-earnings ratio of -2.50 and a beta of 0.40. The company has a quick ratio of 20.89, a current ratio of 20.89 and a debt-to-equity ratio of -21.50. GWG has a fifty-two week low of $7.64 and a fifty-two week high of $11.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWGH. Perkins Capital Management Inc. purchased a new stake in GWG during the third quarter valued at about $105,000. Institute for Wealth Management LLC. purchased a new stake in shares of GWG in the second quarter worth about $1,224,000. Finally, Concert Wealth Management Inc. purchased a new stake in GWG in the second quarter valued at approximately $1,224,000. 50.80% of the stock is currently owned by institutional investors and hedge funds.

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GWG Company Profile

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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