ValuEngine cut shares of GWG (NASDAQ:GWGH) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Separately, Zacks Investment Research cut GWG from a buy rating to a hold rating in a report on Thursday, November 8th.

Shares of NASDAQ:GWGH opened at $7.90 on Wednesday. The firm has a market capitalization of $45.88 million, a price-to-earnings ratio of 2.50 and a beta of 0.03. GWG has a 52-week low of $4.80 and a 52-week high of $13.10.

GWG (NASDAQ:GWGH) last issued its earnings results on Monday, November 19th. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.07) by $0.96. The company had revenue of $16.65 million during the quarter, compared to analysts’ expectations of $19.90 million. GWG had a negative return on equity of 54.63% and a negative net margin of 41.79%. As a group, equities research analysts anticipate that GWG will post 1.68 earnings per share for the current year.

A hedge fund recently bought a new stake in GWG stock. Groesbeck Investment Management Corp NJ purchased a new position in shares of GWG Holdings Inc (NASDAQ:GWGH) in the third quarter, according to its most recent filing with the Securities and 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.22% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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