The Maxim Group Reaffirms “Buy” Rating for GWG Holdings Inc (GWGH)

The Maxim Group Reaffirms “Buy” Rating for GWG Holdings Inc (GWGH)

The analysts wrote, “In spite of a 1Q17 GAAP net loss (due to lumpiness in realized policy benefit payments), most 1Q17 metrics confirmed to us that GWGH is on the path to reaching a tipping point of 1,000 unique lives insured in 2018, which should produce more steady earnings and cash flows. The company has undertaken a Project D100 initiative, to increase the percentage of direct originations (through affiliates) to 100%, versus 27% in 1Q17.””

GWG Holdings Inc (NASDAQ:GWGH)‘s stock had its “buy” rating restated by research analysts at Maxim Group in a research report issued to clients and investors on Monday, May 15th. They currently have a $14.00 price objective on the financial services provider’s stock. Maxim Group’s price objective points to a potential upside of 40.70% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on GWGH. Roth Capital set a $15.00 price target on shares of GWG Holdings and gave the company a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research lowered shares of GWG Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th. GWG Holdings (NASDAQ:GWGH) opened at 9.95 on Monday. The stock’s market cap is $57.50 million. The company has a 50-day moving average price of $10.17 and a 200 day moving average price of $9.14. GWG Holdings has a 1-year low of $6.22 and a 1-year high of $11.56.

GWG Holdings Company Profile GWG Holdings, Inc is a specialty finance company. The Company is a financial purchaser of life insurance assets in the secondary market. The Company creates opportunities for consumers owning life insurance to obtain value for their policies as compared to the traditional options offered by insurance TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GWGH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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