GWG Holdings Inc (NASDAQ:GWGH) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $12.35 for the company and are predicting that the company will post ($0.24) earnings per share for the current quarter, according to Zacks. Zacks has also assigned GWG an industry rank of 68 out of 255 based on the ratings given to its competitors.
Several equities analysts have commented on the company. ValuEngine raised GWG from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Zacks Investment Research cut GWG from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd.
An institutional investor recently bought a new position in GWG stock. Tibra Equities Europe Ltd purchased a new stake in GWG Holdings Inc (NASDAQ:GWGH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,379 shares of the financial services provider’s stock, valued at approximately $292,000. Tibra Equities Europe Ltd owned approximately 0.41% of GWG as of its most recent SEC filing. 2.35% of the stock is owned by hedge funds and other institutional investors.
GWG stock traded up $0.27 during trading hours on Friday, hitting $11.35. The stock had a trading volume of 8,111 shares, compared to its average volume of 11,470. The stock has a market cap of $68.25 million, a price-to-earnings ratio of 3.59 and a beta of 0.13. GWG has a fifty-two week low of $4.80 and a fifty-two week high of $13.10.
GWG Company Profile
GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.
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