GWG Holdings Inc (NASDAQ:GWGH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $12.35 for the company and are expecting that the company will post ($1.45) EPS for the current quarter, according to Zacks. Zacks has also assigned GWG an industry rank of 47 out of 256 based on the ratings given to related companies.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of GWG from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, January 2nd. ValuEngine cut shares of GWG from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th.
A hedge fund recently bought a new stake in GWG stock. Groesbeck Investment Management Corp NJ purchased a new stake in shares of GWG Holdings Inc (NASDAQ:GWGH) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,455 shares of the financial services provider’s stock, valued at approximately $275,000. Groesbeck Investment Management Corp NJ owned 0.61% of GWG at the end of the most recent reporting period. 1.22% of the stock is currently owned by hedge funds and other institutional investors.
GWGH traded up $0.32 during midday trading on Wednesday, reaching $8.22. The company had a trading volume of 4,710 shares, compared to its average volume of 9,188. The stock has a market cap of $45.88 million, a price-to-earnings ratio of 2.60 and a beta of 0.03. GWG has a 12-month low of $4.80 and a 12-month high of $13.10.
GWG (NASDAQ:GWGH) last issued its earnings results on Monday, November 19th. The financial services provider reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.07) by $0.96. GWG had a negative return on equity of 54.63% and a negative net margin of 41.79%. The business had revenue of $16.65 million during the quarter, compared to analysts’ expectations of $19.90 million. On average, sell-side analysts expect that GWG will post 1.68 EPS for the current year.
GWG Company Profile
GWG Holdings, Inc, a financial services company, purchases life insurance policies in the secondary market in the United States. It purchases or finances life insurance assets from consumers in the secondary market at a discount to the face value of the policy benefit. The company also purchases policies in the secondary market through financial advisors and appointed agents.
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