SWK (NASDAQ:SWKH) Lowered 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 equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

SWK Trading Down 1.2%

Shares of SWKH traded down $0.17 during mid-day trading on Friday, reaching $14.41. 15,523 shares of the company's stock traded hands, compared to its average volume of 9,355. The stock has a market cap of $175.08 million, a P/E ratio of 10.15 and a beta of 0.16. The stock's 50-day moving average is $14.76 and its two-hundred day moving average is $15.22. 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 has a 12 month low of $13.17 and a 12 month high of $20.49.

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

Institutional Investors Weigh In On SWK

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in SWK by 2,955.0% in 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. boosted its position in SWK by 139.0% in 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 last quarter. Bank of America Corp DE lifted its holdings in SWK by 41.8% during the 2nd quarter. Bank of America Corp DE now owns 5,595 shares of the company's stock worth $82,000 after purchasing an additional 1,649 shares in the last quarter. Rhumbline Advisers increased its position in shares of SWK by 13.3% during the 1st 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. Finally, State of Wyoming lifted its stake in shares of SWK by 42.5% in the 4th 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 period. Institutional investors and hedge funds 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.