SWK (NASDAQ:SWKH) Stock Price Down 0.3% – What’s Next?

SWK Holdings Corp. (NASDAQ:SWKH)’s share price was down 0.3% during mid-day trading on Thursday . The stock traded as low as $17.26 and last traded at $17.30. Approximately 43,062 shares changed hands during trading, an increase of 953% from the average daily volume of 4,091 shares. The stock had previously closed at $17.35.

Wall Street Analyst Weigh In

SWKH has been the topic of several analyst reports. Maxim Group downgraded SWK from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of SWK in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SWK has an average rating of “Hold” and an average price target of $18.00.

SWK Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 5.68 and a current ratio of 5.68. The stock has a market capitalization of $208.73 million, a PE ratio of 9.27 and a beta of 0.29. The stock’s 50 day moving average is $17.29 and its two-hundred day moving average is $16.04.

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

Hedge Funds Weigh In On SWK

Institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in SWK by 3.7% in the 1st quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock valued at $936,000 after buying an additional 1,929 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of SWK by 297.5% during the 2nd quarter. Raymond James Financial Inc. now owns 74,657 shares of the company’s stock valued at $1,100,000 after acquiring an additional 55,874 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of SWK by 41.8% in the second 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 during the period. Bridgeway Capital Management LLC increased its position in SWK by 2.9% during the second quarter. Bridgeway Capital Management LLC now owns 114,277 shares of the company’s stock worth $1,684,000 after purchasing an additional 3,263 shares during the last quarter. Finally, Bailard Inc. purchased a new position in SWK during the third quarter worth about $203,000. Hedge funds and other institutional investors own 99.27% of the company’s stock.

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. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.