SWK (NASDAQ:SWKH) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Key Points

• SWK reported a quarterly earnings of $0.38 EPS, surpassing analysts' estimates by $0.20 EPS, with total revenues of $10.05 million.
• Following the earnings announcement, SWK stock fell 3.5% to $14.20, with a current market capitalization of $174.23 million.
• Recent analyst reports showed mixed sentiments, with Maxim Group lowering its price target from $21.00 to $18.00 while Wall Street Zen downgraded the stock from "buy" to "hold."

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

SWK Trading Up 0.9%

SWKH stock traded up $0.12 during midday trading on Wednesday, hitting $14.16. 20,814 shares of the company's stock were exchanged, compared to its average volume of 12,453. The stock's fifty day moving average price is $14.84 and its 200-day moving average price is $15.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 11.30 and a current ratio of 3.17. The company has a market cap of $172.04 million, a PE ratio of 9.97 and a beta of 0.16. SWK has a one year low of $13.17 and a one year high of $20.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWKH. Raymond James Financial Inc. lifted its holdings in shares of SWK by 297.5% in the second quarter. Raymond James Financial Inc. now owns 74,657 shares of the company's stock valued at $1,100,000 after purchasing an additional 55,874 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of 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 buying an additional 3,263 shares during the period. Empowered Funds LLC boosted its position in shares of SWK by 3.7% during the first quarter. Empowered Funds LLC now owns 53,809 shares of the company's stock worth $936,000 after buying an additional 1,929 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of SWK by 41.8% during the second quarter. Bank of America Corp DE now owns 5,595 shares of the company's stock worth $82,000 after buying an additional 1,649 shares during the period. 99.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Maxim Group decreased their price objective on shares of SWK from $21.00 to $18.00 and set a "buy" rating for the company in a report on Monday, May 19th. Wall Street Zen lowered shares of SWK from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $18.00.

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.