gwg holdings, inc. (nasdaq: gwgh) the parent company of gwg life, is a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services. the company has developed a new suite of options for the life insurance secondary market called lifecare xchange (lcx). this new capability provides seniors with the exchange value of their life insurance policies they can apply to long-term care and other post-retirement needs. gwg life seeks to further transform the industry by applying proprietary m-panel epigenetic technology to disrupt traditional life insurance underwriting practices. since 2006 gwg life has provided seniors over $436 million in exchange value for their life insurance and, as of june 30, 2017, owned a portfolio of over $1.53 billion in face value of policy benefits. for more information about gwg holdings, inc. email info@gwglife.com or visit www.gwgh.com. for information regarding career opportunities, emai
Company profile
Ticker
GWGHQ
Exchange
Website
CEO
Murray Holland
Employees
Incorporated
Location
Fiscal year end
Industry
Industry (SIC)
Former names
GWG Life Settlements, LLC, GWG DLP Funding, LLC
SEC CIK
Corporate docs
Subsidiaries
GWG Life, LLC • GWG DLP Funding IV, LLC • GWG DLP Funding V Holdings, LLC • GWG DLP Funding V, LLC • GWG DLP Funding Holdings • GWG DLP Funding VI, LLC • GWG MCA Capital, Inc. • GWG Life USA, LLC • FOXO Technologies, Inc. • The Beneficient Company Group ...
GWGHQ stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
18 Jan 24
EFFECT
Notice of effectiveness
18 Jan 24
EFFECT
Notice of effectiveness
18 Jan 24
EFFECT
Notice of effectiveness
18 Jan 24
EFFECT
Notice of effectiveness
18 Jan 24
EFFECT
Notice of effectiveness
18 Jan 24
15-15D
Suspension of duty to report
2 Jan 24
15-15D
Suspension of duty to report
2 Jan 24
15-15D
Suspension of duty to report
2 Jan 24
15-15D
Suspension of duty to report
2 Jan 24
Transcripts
GWGHQ
Earnings call transcript
2020 Q3
23 Nov 20
GWGHQ
Earnings call transcript
2020 Q2
17 Aug 20
GWGHQ
Earnings call transcript
2019 Q4
31 Mar 20
GWGHQ
Earnings call transcript
2019 Q3
21 Nov 19
GWGHQ
Earnings call transcript
2019 Q2
12 Sep 19
GWGHQ
Earnings call transcript
2019 Q1
13 Aug 19
GWGHQ
Earnings call transcript
2018 Q3
21 Nov 18
GWGHQ
Earnings call transcript
2018 Q2
15 Aug 18
GWGHQ
Earnings call transcript
2018 Q1
14 May 18
GWGHQ
Earnings call transcript
2017 Q4
29 Mar 18
Latest ownership filings
SC 13G/A
FOXO TECHNOLOGIES INC.
7 Aug 23
4
Beneficient
1 Aug 23
4
Beneficient
11 Jul 23
3
Beneficient
7 Jun 23
3
FOXO TECHNOLOGIES INC.
2 Jun 23
SC 13G
FOXO TECHNOLOGIES INC.
2 Jun 23
3
Michael A Tucker
16 Dec 22
3
Jeffrey Scott Stein
7 Jul 22
3
Anthony R Horton
7 Jul 22
SC 13D/A
Stahl John A.
3 Nov 20
Financial summary
Quarter (USD) | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
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Diluted EPS |
Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 67.72 mm | 67.72 mm | 67.72 mm | 67.72 mm | 67.72 mm | 67.72 mm |
Cash burn (monthly) | 7.91 mm | 4.00 mm | 15.81 mm | 22.22 mm | 18.52 mm | 17.57 mm |
Cash used (since last report) | 242.69 mm | 122.60 mm | 485.14 mm | 681.82 mm | 568.24 mm | 539.22 mm |
Cash remaining | -174.97 mm | -54.87 mm | -417.41 mm | -614.10 mm | -500.52 mm | -471.49 mm |
Runway (months of cash) | -22.1 | -13.7 | -26.4 | -27.6 | -27.0 | -26.8 |
Institutional ownership, Q1 2023
12.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 34.87 mm |
Total shares | 4.16 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Turvey James E. | 2.09 mm | $18.70 mm |
Stahl John A. | 2.07 mm | $16.17 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Aug 23 | GWG | Class A Common Stock, $0.001 par value | Other | Dispose J | Yes | No | 0 | 119,975 | 0.00 | 0 |
1 Aug 23 | GWG | Class A Common Stock, $0.001 par value | Other | Dispose J | Yes | No | 0 | 67,100,832 | 0.00 | 0 |
1 Aug 23 | GWG | Class A Common Stock, $0.001 par value | Other | Dispose J | No | No | 0 | 102,530,680 | 0.00 | 0 |
7 Jul 23 | GWG | Class A Common Stock, $0.001 par value | Other | Acquire J | Yes | No | 4.6593 | 119,975 | 559.00 k | 119,975 |
7 Jul 23 | GWG | Class A Common Stock, $0.001 par value | Other | Acquire J | No | No | 4.6593 | 43,920,786 | 204.64 mm | 102,530,679 |
7 Jul 23 | GWG | Preferred C-1 Unit of Beneficient Company Holdings, L.P. Class A Common Stock, $0.001 par value | Other | Dispose J | Yes | No | 10.2 | 119,975 | 1.22 mm | 0 |
7 Jul 23 | GWG | Preferred C-1 Unit of Beneficient Company Holdings, L.P. Class A Common Stock, $0.001 par value | Other | Dispose J | No | No | 10.2 | 43,920,786 | 447.99 mm | 0 |