Zacks: GWG Holdings Inc (GWGH) Given Average Recommendation of “Strong Buy” by Analysts

GWG Holdings Inc (NASDAQ:GWGH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus target price of $14.50 for the company and are predicting that the company will post ($1.93) EPS for the current quarter, according to Zacks. Zacks has also assigned GWG an industry rank of 63 out of 257 based on the ratings given to related companies.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of GWG from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of GWG from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Finally, Maxim Group restated a “buy” rating and set a $14.00 price objective on shares of GWG in a report on Thursday, August 16th.

Shares of NASDAQ GWGH opened at $5.88 on Friday. The company has a market cap of $34.30 million, a P/E ratio of 1.86, a PEG ratio of 0.64 and a beta of 1.05. GWG has a 52-week low of $5.47 and a 52-week high of $13.10.

GWG (NASDAQ:GWGH) last issued its quarterly earnings data on Wednesday, August 15th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.85) by $2.61. The firm had revenue of $24.32 million during the quarter, compared to analysts’ expectations of $22.33 million. GWG had a negative net margin of 38.85% and a negative return on equity of 87.97%. Equities analysts forecast that GWG will post 0.46 EPS for the current year.

A hedge fund recently bought a new stake in GWG stock. Groesbeck Investment Management Corp NJ purchased a new stake in GWG Holdings Inc (NASDAQ:GWGH) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.95% of the company’s stock.

About GWG

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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