GWG Holdings, Inc (GWGH) Upgraded by ValuEngine to Strong-Buy
ValuEngine upgraded shares of GWG Holdings, Inc (NASDAQ:GWGH) from a buy rating to a strong-buy rating in a research note released on Thursday.
Several other research analysts have also recently issued reports on GWGH. Roth Capital set a $15.00 target price on GWG Holdings and gave the stock a buy rating in a research report on Monday, August 14th. Zacks Investment Research raised GWG Holdings from a sell rating to a hold rating in a research report on Wednesday, July 12th.
Shares of GWG Holdings (NASDAQ GWGH) remained flat at $10.29 during trading on Thursday. The stock had a trading volume of 4,543 shares. GWG Holdings has a 52 week low of $7.32 and a 52 week high of $11.25. The stock’s market capitalization is $59.51 million. The company’s 50-day moving average price is $10.26 and its 200 day moving average price is $10.35.
An institutional investor recently bought a new position in GWG Holdings stock. Concert Wealth Management Inc. acquired a new stake in shares of GWG Holdings, Inc (NASDAQ:GWGH) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,224,000 shares of the financial services provider’s stock, valued at approximately $1,224,000. GWG Holdings makes up about 1.2% of Concert Wealth Management Inc.’s holdings, making the stock its 20th largest position. Concert Wealth Management Inc. owned 21.18% of GWG Holdings at the end of the most recent reporting period. 42.46% of the stock is currently owned by institutional investors.
GWG Holdings 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).
Receive News & Ratings for GWG Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GWG Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.