SWK (NASDAQ:SWKH) Cut to Hold at Maxim Group

Key Points

• SWK Holdings Corporation was downgraded by Maxim Group from a "strong-buy" to a "hold" rating, reflecting a shift in analyst sentiment about the stock's performance.
• The company has a current consensus rating of "Hold" and a target price of $18.00, with several analysts echoing this assessment in recent reports.
• SWK's strong quarterly earnings resulted in an EPS of $0.38, surpassing expectations by $0.20, indicating solid financial health despite the recent downgrade.

SWK (NASDAQ:SWKH - Get Free Report) was downgraded by analysts at Maxim Group from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen cut SWK from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Weiss Ratings restated a "hold (c-)" rating on shares of SWK in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.00.

SWK Stock Performance

SWKH opened at $16.75 on Monday. The business's 50-day moving average price is $14.75 and its two-hundred day moving average price is $15.03. SWK has a 1 year low of $13.17 and a 1 year high of $20.49. The company has a market capitalization of $203.51 million, a price-to-earnings ratio of 11.80 and a beta of 0.20. 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 - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.20. SWK had a return on equity of 8.43% and a net margin of 39.00%.The firm had revenue of $10.05 million for the quarter.

Hedge Funds Weigh In On SWK

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Advisor Solutions LLC bought a new position in SWK during the first quarter worth about $378,000. GAMMA Investing LLC grew its holdings in SWK by 2,955.0% during the first quarter. GAMMA Investing LLC now owns 3,391 shares of the company's stock worth $59,000 after purchasing an additional 3,280 shares during the period. Russell Investments Group Ltd. grew its holdings in SWK by 139.0% during the first quarter. Russell Investments Group Ltd. now owns 4,065 shares of the company's stock worth $71,000 after purchasing an additional 2,364 shares during the period. Bridgeway Capital Management LLC grew its holdings 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 period. Finally, Raymond James Financial Inc. grew its holdings in SWK by 297.5% during the second quarter. Raymond James Financial Inc. now owns 74,657 shares of the company's stock worth $1,100,000 after purchasing an additional 55,874 shares during the period. Institutional investors own 99.27% of the company's stock.

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.

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