GWG (NASDAQ:GWGH) Stock Price Up 10%

GWG Holdings Inc (NASDAQ:GWGH)’s stock price rose 10% during trading on Friday . The company traded as high as $7.43 and last traded at $7.14. Approximately 253,690 shares were traded during mid-day trading, an increase of 1,112% from the average daily volume of 20,931 shares. The stock had previously closed at $6.49.

Separately, ValuEngine downgraded shares of GWG from a “buy” rating to a “hold” rating in a research report on Monday, April 15th.

The stock has a market cap of $42.93 million, a PE ratio of 3.08 and a beta of 0.31. The business’s 50-day moving average price is $11.47.

A hedge fund recently bought a new stake in GWG stock. Tibra Equities Europe Ltd acquired a new stake in GWG Holdings Inc (NASDAQ:GWGH) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,379 shares of the financial services provider’s stock, valued at approximately $292,000. Tibra Equities Europe Ltd owned 0.41% of GWG as of its most recent SEC filing. 1.90% of the stock is currently owned by institutional investors and hedge funds.

About GWG (NASDAQ:GWGH)

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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