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. In addition, it focuses on applying proprietary M-Panel epigenetic technology to disrupt traditional life insurance underwriting practices. Further, it provides secured loans to merchant cash advance funders, as well as merchant cash advances directly to small businesses. GWG Holdings, Inc. was founded in 2006 and is headquartered in Minneapolis, Minnesota.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Life insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:GWGH
Previous Symbol
CUSIPN/A
Phone612-746-1944
Debt
Debt-to-Equity RatioN/A
Current Ratio22.46
Quick Ratio22.46
Price-To-Earnings
Trailing P/E Ratio1.91
Forward P/E Ratio3.60
P/E Growth0.18
Sales & Book Value
Annual Sales$64.13 million
Price / Sales0.56
Cash Flow$7.9607 per share
Price / Cash Flow0.76
Book Value($6.78) per share
Price / Book-0.89
Profitability
EPS (Most Recent Fiscal Year)$3.16
Net Income$-20,630,000.00
Net Margins-41.79%
Return on Equity-54.63%
Return on Assets3.44%
Miscellaneous
Employees65
Outstanding Shares5,980,000
Market Cap$36.18 million
OptionableNot Optionable
GWG (NASDAQ:GWGH) Frequently Asked Questions
What is GWG's stock symbol?
GWG trades on the NASDAQ under the ticker symbol "GWGH."
How often does GWG pay dividends? What is the dividend yield for GWG?
GWG announced a special dividend on Friday, August 17th. Investors of record on Monday, August 27th will be given a dividend of $4.30 per share on Wednesday, September 5th. The ex-dividend date is Thursday, September 6th. View GWG's Dividend History.
How were GWG's earnings last quarter?
GWG Holdings Inc (NASDAQ:GWGH) issued its quarterly earnings data on Monday, November, 19th. The financial services provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($1.07) by $0.96. The financial services provider had revenue of $16.65 million for 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%. View GWG's Earnings History.
When is GWG's next earnings date?
What price target have analysts set for GWGH?
1 brokers have issued twelve-month price targets for GWG's stock. Their predictions range from $14.00 to $14.00. On average, they expect GWG's share price to reach $14.00 in the next year. This suggests a possible upside of 131.4% from the stock's current price. View Analyst Price Targets for GWG.
What is the consensus analysts' recommendation for GWG?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GWG in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for GWG.
What are Wall Street analysts saying about GWG stock?
Here are some recent quotes from research analysts about GWG stock:
- 1. According to Zacks Investment Research, "GWG Holdings, Inc. and its subsidiaries are engaged in the life insurance secondary market. It offers a variety of solutions for seniors who own life insurance. The Company's services allow policyholders to sell, keep, trade or gift their life insurance based upon their needs today. GWG Holdings, Inc. is based in Minneapolis, Minnesota. " (11/8/2018)
- 2. Maxim Group analysts commented, "GWGH’s transaction with Group, LP (private) closed on August 10. Part Two, which will involve the issuance of $292 million of GWGH common stock, is scheduled for 4Q18. This transaction greatly increases GWGH’s GAAP equity, increases its assets by 80%, and diversifies its business and earnings from being a pure-play on the alternative asset class of life insurance settlements (and on insurtech), to being a company that has investments in many other alternative asset classes." (8/16/2018)
Has GWG been receiving favorable news coverage?
Media coverage about GWGH stock has been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. GWG earned a news impact score of 0.8 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
Who are some of GWG's key competitors?
Who are GWG's key executives?
GWG's management team includes the folowing people:
- Mr. Jon R. Sabes, Chairman & CEO (Age 51)
- Mr. William B. Acheson CPA, Exec. VP & CFO (Age 53)
- Mr. Steven F. Sabes, Exec. VP of Originations & Servicing, Sec. and Director (Age 50)
- Mr. Brian Bailey, Chief Investment Officer
- Mr. Dan Callahan, Director of Communication
Who are GWG's major shareholders?
Which major investors are buying GWG stock?
How do I buy shares of GWG?
Shares of GWGH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is GWG's stock price today?
One share of GWGH stock can currently be purchased for approximately $6.0501.
How big of a company is GWG?
GWG has a market capitalization of $36.18 million and generates $64.13 million in revenue each year. The financial services provider earns $-20,630,000.00 in net income (profit) each year or $3.16 on an earnings per share basis. GWG employs 65 workers across the globe.
What is GWG's official website?
How can I contact GWG?
GWG's mailing address is 220 SOUTH SIXTH STREET SUITE 1200, MINNEAPOLIS MN, 55402. The financial services provider can be reached via phone at 612-746-1944 or via email at [email protected]
MarketBeat Community Rating for GWG (NASDAQ GWGH)
MarketBeat's community ratings are surveys of what our community members think about GWG and other stocks. Vote "Outperform" if you believe GWGH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GWGH will underperform the S&P 500 over the long term. You may vote once every thirty days.
