GWG (NASDAQ:GWGH) Raised to Buy at ValuEngine

ValuEngine upgraded shares of GWG (NASDAQ:GWGH) from a hold rating to a buy rating in a report published on Friday morning, ValuEngine reports.

GWGH opened at $9.00 on Friday. The firm has a market cap of $294.96 million, a PE ratio of -1.12 and a beta of 0.06. The company has a current ratio of 23.36, a quick ratio of 23.36 and a debt-to-equity ratio of 17.93. The stock has a 50 day moving average price of $8.52. GWG has a 1-year low of $4.80 and a 1-year high of $17.50.

A hedge fund recently bought a new stake in GWG stock. Tibra Equities Europe Ltd bought a new stake in shares of GWG Holdings Inc (NASDAQ:GWGH) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 24,379 shares of the financial services provider’s stock, valued at approximately $292,000. Tibra Equities Europe Ltd owned about 0.41% of GWG as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.90% of the company’s stock.

About GWG

GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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