GWG (GWGH) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research downgraded shares of GWG (NASDAQ:GWGH) from a hold rating to a sell rating in a research note released on Wednesday morning.
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, ValuEngine raised shares of GWG from a buy rating to a strong-buy rating in a report on Thursday, October 5th.
An institutional investor recently bought a new position in GWG stock. Perkins Capital Management Inc. purchased a new stake in GWG Holdings, Inc (NASDAQ:GWGH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,400 shares of the financial services provider’s stock, valued at approximately $105,000. Perkins Capital Management Inc. owned 0.18% of GWG as of its most recent SEC filing. 50.80% of the stock is owned by hedge funds and other institutional investors.
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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