SWK (NASDAQ:SWKH) Raised to "Buy" at Wall Street Zen

Key Points

• SWK has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive outlook for the stock.
• Despite the upgrade, Maxim Group reduced their price target for SWK from $21.00 to $18.00, yet maintained a "buy" rating.
• SWK reported a quarterly earnings per share of $0.38, significantly surpassing the consensus estimate of $0.18, showcasing strong financial performance.

Wall Street Zen upgraded shares of SWK (NASDAQ:SWKH - Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Separately, Maxim Group dropped their target price on shares of SWK from $21.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $18.00.

SWK Stock Up 1.0%

Shares of SWK stock traded up $0.15 during trading on Friday, reaching $14.64. 6,184 shares of the company traded hands, compared to its average volume of 11,578. 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 1-year low of $13.17 and a 1-year high of $20.49. The company has a 50 day moving average price of $14.80 and a 200-day moving average price of $15.28. The firm has a market capitalization of $177.88 million, a PE ratio of 10.31 and a beta of 0.16.

SWK (NASDAQ:SWKH - Get Free Report) last released 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 for the quarter.

Institutional Trading of SWK

Several institutional investors have recently made changes to their positions in SWKH. Dimensional Fund Advisors LP grew its stake in shares of SWK by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 46,469 shares of the company's stock worth $737,000 after acquiring an additional 3,317 shares in the last quarter. Northern Trust Corp grew its stake in shares of SWK by 15.3% in the 4th quarter. Northern Trust Corp now owns 35,470 shares of the company's stock worth $563,000 after acquiring an additional 4,708 shares in the last quarter. Millennium Management LLC bought a new stake in shares of SWK in the 4th quarter worth $235,000. State of Wyoming grew 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 worth $117,000 after acquiring an additional 2,200 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of SWK by 2,955.0% in the 1st quarter. GAMMA Investing LLC now owns 3,391 shares of the company's stock worth $59,000 after acquiring an additional 3,280 shares in the last quarter. 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.