SWK (NASDAQ:SWKH) Shares Up 0.9% – Here’s What Happened

Shares of SWK Holdings Corp. (NASDAQ:SWKH) shot up 0.9% during mid-day trading on Friday . The stock traded as high as $16.98 and last traded at $16.9650. 1,935 shares changed hands during trading, a decline of 90% from the average session volume of 18,783 shares. The stock had previously closed at $16.81.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of SWK in a report on Monday. Maxim Group cut SWK from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Wall Street Zen downgraded shares of SWK from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SWK presently has a consensus rating of “Hold” and a consensus price target of $18.00.

SWK Stock Up 0.9%

The company has a market cap of $205.21 million, a P/E ratio of 11.95 and a beta of 0.22. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $15.95 and a 200 day moving average of $15.09.

SWK (NASDAQ:SWKH) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. SWK had a net margin of 39.00% and a return on equity of 8.43%. The firm had revenue of $13.72 million during the quarter.

Institutional Investors Weigh In On SWK

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in shares of SWK by 41.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,795 shares of the company’s stock valued at $55,000 after buying an additional 1,108 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SWK by 40.5% during the third quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock valued at $77,000 after buying an additional 1,527 shares during the period. Bank of America Corp DE grew its stake in shares of SWK by 41.8% during the second quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock valued at $82,000 after buying an additional 1,649 shares during the last quarter. State of Wyoming grew its stake in shares of SWK by 42.0% during the first quarter. State of Wyoming now owns 10,472 shares of the company’s stock valued at $182,000 after buying an additional 3,098 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of SWK by 6.5% in the third quarter. GSA Capital Partners LLP now owns 13,458 shares of the company’s stock worth $196,000 after buying an additional 821 shares during the period. Hedge funds and other institutional investors own 99.27% of the company’s stock.

About SWK

SWK Holdings Corporation, offers specialty finance and asset management services in the United States. It operates in two segments, Finance Receivables and Pharmaceutical Development. The Finance Receivables segment provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors.