SWK (NASDAQ:SWKH) Trading 0.4% Higher - Here's Why

SWK Holdings Corp. (NASDAQ:SWKH - Get Free Report) shares rose 0.4% during mid-day trading on Thursday . The stock traded as high as $15.31 and last traded at $15.18. Approximately 12,193 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 13,191 shares. The stock had previously closed at $15.12.

Analysts Set New Price Targets

SWKH has been the subject of several recent research reports. Maxim Group reduced their price target on SWK from $21.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Wall Street Zen downgraded SWK from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

SWK Trading Up 0.1%

The business has a 50-day moving average price of $14.55 and a two-hundred day moving average price of $15.79. The stock has a market capitalization of $186.63 million, a P/E ratio of 10.28 and a beta of 0.17. The company has a current ratio of 11.30, a quick ratio of 11.30 and a debt-to-equity ratio of 0.11.

SWK (NASDAQ:SWKH - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.37. SWK had a return on equity of 8.58% and a net margin of 39.60%. The business had revenue of $11.83 million during the quarter.

SWK Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was Thursday, April 24th.

Institutional Trading of SWK

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of SWK by 2,955.0% in the first quarter. GAMMA Investing LLC now owns 3,391 shares of the company's stock valued at $59,000 after buying an additional 3,280 shares during the period. Russell Investments Group Ltd. increased its stake in shares of SWK by 139.0% in the first quarter. Russell Investments Group Ltd. now owns 4,065 shares of the company's stock valued at $71,000 after buying an additional 2,364 shares during the period. Rhumbline Advisers increased its stake in shares of SWK by 13.3% in the first quarter. Rhumbline Advisers now owns 5,690 shares of the company's stock valued at $99,000 after buying an additional 666 shares during the period. State of Wyoming increased its stake in shares of SWK by 42.5% in the fourth quarter. State of Wyoming now owns 7,374 shares of the company's stock valued at $117,000 after buying an additional 2,200 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of SWK by 102.2% in the fourth quarter. JPMorgan Chase & Co. now owns 12,350 shares of the company's stock valued at $196,000 after buying an additional 6,242 shares during the period. 99.27% of the stock is currently owned by institutional investors.

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.