SWK (NASDAQ:SWKH) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Analysts at Wall Street Zen downgraded SWK from a "buy" rating to a "hold" rating, signaling a shift in market sentiment regarding the stock.
• SWK reported a quarterly earnings per share (EPS) of $0.38, exceeding analysts' consensus estimates by $0.20.
• Institutional investors hold a significant majority of the company, with 99.27% of the stock owned by institutional investors and hedge funds.

SWK (NASDAQ:SWKH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

SWK Stock Performance

SWKH traded down $0.07 during trading on Friday, hitting $14.45. 1,147 shares of the company traded hands, compared to its average volume of 14,743. The firm has a market cap of $175.52 million, a P/E ratio of 10.19 and a beta of 0.16. The stock's fifty day moving average is $14.75 and its 200 day moving average is $15.20. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.13. SWK has a one year low of $13.17 and a one year high of $20.49.

SWK (NASDAQ:SWKH - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.20. The company had revenue of $10.05 million during the quarter. SWK had a net margin of 39.00% and a return on equity of 8.43%.

Institutional Investors Weigh In On SWK

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in SWK by 13.3% during the first quarter. Rhumbline Advisers now owns 5,690 shares of the company's stock valued at $99,000 after purchasing an additional 666 shares during the last quarter. Bank of America Corp DE lifted its holdings in SWK by 41.8% during 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 last quarter. Empowered Funds LLC lifted its holdings in SWK by 3.7% during the first quarter. Empowered Funds LLC now owns 53,809 shares of the company's stock valued at $936,000 after purchasing an additional 1,929 shares during the last quarter. State of Wyoming lifted its holdings in SWK by 42.5% during the fourth quarter. State of Wyoming now owns 7,374 shares of the company's stock valued at $117,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted 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 valued at $71,000 after purchasing an additional 2,364 shares during the last quarter. 99.27% of the stock is owned by hedge funds and other institutional investors.

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.