“We reason stockholders could receive 1 right for every 6 shares, assuming approximately 20.7MM SANW shares are outstanding ahead of the offering.”,” the firm’s analyst commented.
Several other equities analysts also recently weighed in on SANW. Bank of America Corporation started coverage on S&W Seed in a report on Thursday, June 15th. They set a buy rating for the company. ValuEngine downgraded S&W Seed from a hold rating to a sell rating in a report on Tuesday, August 1st. Finally, Craig Hallum downgraded S&W Seed from a buy rating to a hold rating and reduced their price target for the company from $8.00 to $4.00 in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $5.13.
Shares of S&W Seed (SANW) traded down 2.174% during trading on Wednesday, hitting $3.375. 7,350 shares of the company’s stock were exchanged. The stock’s market cap is $69.84 million. The stock’s 50-day moving average price is $3.28 and its 200-day moving average price is $3.92. S&W Seed has a 1-year low of $2.90 and a 1-year high of $5.35.
S&W Seed (NASDAQ:SANW) last posted its quarterly earnings data on Thursday, September 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The firm had revenue of $17.89 million during the quarter, compared to the consensus estimate of $17.34 million. S&W Seed had a negative return on equity of 2.67% and a negative net margin of 15.68%. S&W Seed’s revenue for the quarter was down 48.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. On average, equities analysts expect that S&W Seed will post ($0.09) earnings per share for the current fiscal year.
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In other news, insider Mark S. Grewal sold 29,938 shares of S&W Seed stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $3.50, for a total transaction of $104,783.00. Following the transaction, the insider now directly owns 160,879 shares of the company’s stock, valued at approximately $563,076.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Wynnefield Partners Small Cap acquired 750,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were bought at an average cost of $4.00 per share, for a total transaction of $3,000,000.00. The disclosure for this purchase can be found here. Company insiders own 12.10% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wynnefield Capital Inc. raised its stake in S&W Seed by 12.3% during the 1st quarter. Wynnefield Capital Inc. now owns 2,386,496 shares of the company’s stock valued at $11,813,000 after purchasing an additional 262,270 shares during the period. Kennedy Capital Management Inc. raised its stake in S&W Seed by 5.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 873,443 shares of the company’s stock valued at $3,625,000 after purchasing an additional 45,248 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in S&W Seed by 13.1% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 605,985 shares of the company’s stock valued at $2,514,000 after purchasing an additional 70,195 shares during the period. Cutter & CO Brokerage Inc. raised its stake in S&W Seed by 10.9% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 585,857 shares of the company’s stock valued at $2,431,000 after purchasing an additional 57,679 shares during the period. Finally, B. Riley Financial Inc. raised its stake in S&W Seed by 63.1% during the 2nd quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock valued at $656,000 after purchasing an additional 61,121 shares during the period. 55.58% of the stock is currently owned by institutional investors.
About S&W Seed
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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