Brokerages Set $14.50 Price Target for GWG Holdings, Inc (GWGH)

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

Brokers have set a 1 year consensus target price of $14.50 for the company and are predicting that the company will post ($0.80) EPS for the current quarter, according to Zacks. Zacks has also given GWG an industry rank of 117 out of 265 based on the ratings given to its competitors.

GWGH has been the topic of a number of research analyst reports. ValuEngine lowered shares of GWG from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of GWG from a “hold” rating to a “sell” rating in a research note on Tuesday.

GWG (NASDAQ GWGH) traded down $0.01 during midday trading on Friday, hitting $8.37. 12,030 shares of the company were exchanged, compared to its average volume of 6,137. GWG has a fifty-two week low of $7.64 and a fifty-two week high of $11.25. The company has a quick ratio of 20.89, a current ratio of 20.89 and a debt-to-equity ratio of -21.50. The firm has a market capitalization of $48.66, a price-to-earnings ratio of -2.27 and a beta of 0.33.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Perkins Capital Management Inc. acquired a new position in shares of GWG during the third quarter valued at approximately $105,000. Institute for Wealth Management LLC. acquired a new position in shares of GWG during the second quarter valued at approximately $1,224,000. Finally, Concert Wealth Management Inc. acquired a new position in shares of GWG during the second quarter valued at approximately $1,224,000. Institutional investors and hedge funds own 50.80% of the company’s stock.

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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).

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