SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Trading Down 0.2% – What’s Next?

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) fell 0.2% on Thursday . The company traded as low as $25.27 and last traded at $25.27. Approximately 965 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 3,597 shares. The stock had previously closed at $25.31.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Performance

The business has a 50 day moving average of $25.42 and a 200 day moving average of $25.48.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Monday, June 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.