GWG Holdings, Inc (GWGH) Given Consensus Rating of “Strong Buy” by Brokerages
Shares of GWG Holdings, Inc (NASDAQ:GWGH) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $14.50 for the company and are expecting that the company will post ($0.80) earnings per share for the current quarter, according to Zacks. Zacks has also given GWG an industry rank of 51 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently issued reports on GWGH shares. Zacks Investment Research raised GWG from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, October 23rd. ValuEngine raised GWG from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 5th. Finally, Roth Capital set a $15.00 target price on GWG and gave the company a “buy” rating in a research note on Monday, August 14th.
A number of hedge funds have recently modified their holdings of the stock. Perkins Capital Management Inc. purchased a new stake in GWG in the third quarter worth $105,000. Institute for Wealth Management LLC. purchased a new stake in GWG in the second quarter worth $1,224,000. Finally, Concert Wealth Management Inc. purchased a new stake in GWG in the second quarter worth $1,224,000. 50.80% of the stock is currently owned by institutional investors.
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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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