SWK (NASDAQ:SWKH) Trading Down 1% – Here’s Why

SWK Holdings Corp. (NASDAQ:SWKH) was down 1% during mid-day trading on Tuesday . The company traded as low as $17.00 and last traded at $17.02. Approximately 7,603 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 9,880 shares. The stock had previously closed at $17.20.

Analyst Ratings Changes

Several research firms have recently commented on SWKH. Maxim Group lowered SWK from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen downgraded SWK from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SWK in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

SWK Price Performance

The business’s 50-day simple moving average is $16.71 and its 200 day simple moving average is $15.48. The company has a market capitalization of $205.94 million, a P/E ratio of 9.15 and a beta of 0.32. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.13.

SWK (NASDAQ:SWKH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.25. SWK had a net margin of 50.37% and a return on equity of 9.81%. The business had revenue of $13.72 million during the quarter.

Hedge Funds Weigh In On SWK

Hedge funds have recently made changes to their positions in the business. M3F Inc. lifted its stake in SWK by 5.0% during the third quarter. M3F Inc. now owns 733,155 shares of the company’s stock valued at $10,667,000 after buying an additional 34,727 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of SWK by 2.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 114,277 shares of the company’s stock valued at $1,684,000 after purchasing an additional 3,263 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of SWK by 5.3% in the third quarter. Raymond James Financial Inc. now owns 78,609 shares of the company’s stock worth $1,144,000 after buying an additional 3,952 shares during the last quarter. Empowered Funds LLC lifted its holdings in SWK by 3.7% in the 1st quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock worth $936,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SWK by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 49,359 shares of the company’s stock worth $718,000 after buying an additional 762 shares during the period. Institutional investors and hedge funds 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. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.