Zacks Investment Research cut shares of GWG Holdings Inc (NASDAQ:GWGH) from a strong-buy rating to a hold rating in a report released on Monday.
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. “
Separately, Maxim Group started coverage on shares of GWG Holdings in a research report on Thursday, July 21st. They issued a buy rating and a $10.00 price objective for the company.
GWG Holdings (NASDAQ:GWGH) opened at 8.8773 on Monday. GWG Holdings has a 12-month low of $4.21 and a 12-month high of $11.56. The company has a 50-day moving average price of $9.15 and a 200-day moving average price of $7.52. The firm’s market capitalization is $53.06 million.
GWG Holdings (NASDAQ:GWGH) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.85 EPS for the quarter. The firm earned $20.80 million during the quarter, compared to analyst estimates of $8.60 million. On average, analysts predict that GWG Holdings will post $0.33 earnings per share for the current year.
GWG Holdings Company Profile
GWG Holdings, Inc is a specialty finance company. The Company is a financial purchaser of life insurance assets in the secondary market. The Company creates opportunities for consumers owning life insurance to obtain value for their policies as compared to the traditional options offered by insurance companies.