SWK Holdings Corp. $SWKH Shares Sold by Cannell Capital LLC

Cannell Capital LLC reduced its position in SWK Holdings Corp. (NASDAQ:SWKH) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,322 shares of the company’s stock after selling 73,297 shares during the period. Cannell Capital LLC owned approximately 2.00% of SWK worth $3,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in SWK by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 49,359 shares of the company’s stock valued at $718,000 after buying an additional 762 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of SWK by 6.5% during the 3rd quarter. GSA Capital Partners LLP now owns 13,458 shares of the company’s stock valued at $196,000 after acquiring an additional 821 shares in the last quarter. Russell Investments Group Ltd. boosted its position in SWK by 41.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,795 shares of the company’s stock worth $55,000 after purchasing an additional 1,108 shares during the period. JPMorgan Chase & Co. increased its holdings in SWK by 40.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock valued at $77,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Bank of America Corp DE raised its position in 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. Institutional investors and hedge funds own 99.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SWK in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.00.

SWK Stock Performance

SWK stock opened at $17.17 on Friday. SWK Holdings Corp. has a 12-month low of $13.17 and a 12-month high of $20.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.68 and a quick ratio of 5.68. The company has a market capitalization of $207.69 million, a price-to-earnings ratio of 9.23 and a beta of 0.30. The firm’s fifty day moving average price is $17.12 and its 200 day moving average price is $16.42.

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.