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

SWK Holdings Corp. (NASDAQ:SWKH) shot up 0.9% during trading on Friday . The company traded as high as $16.98 and last traded at $16.9650. 1,935 shares traded 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

Several brokerages have recently commented on SWKH. Wall Street Zen cut SWK from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Weiss Ratings reissued a “hold (c)” rating on shares of SWK in a report on Monday, November 24th. Finally, Maxim Group cut shares of SWK from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SWK has an average rating of “Hold” and an average target price of $18.00.

SWK Trading Up 0.9%

The business has a 50 day moving average of $15.95 and a 200 day moving average of $15.10. The firm has a market capitalization of $205.21 million, a price-to-earnings ratio of 11.95 and a beta of 0.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.17 and a quick ratio of 3.17.

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

Hedge Funds Weigh In On SWK

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of SWK by 41.2% in 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. increased its holdings in shares of SWK by 40.5% in the third quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock worth $77,000 after acquiring an additional 1,527 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of SWK by 41.8% during the 2nd quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock valued at $82,000 after purchasing an additional 1,649 shares in the last quarter. State of Wyoming grew its position in shares of SWK by 42.0% in the 1st quarter. State of Wyoming now owns 10,472 shares of the company’s stock valued at $182,000 after purchasing an additional 3,098 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of SWK by 6.5% in the 3rd quarter. GSA Capital Partners LLP now owns 13,458 shares of the company’s stock valued at $196,000 after purchasing an additional 821 shares during the period. 99.27% of the stock is owned by institutional investors.

SWK Company Profile

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.