SWK (NASDAQ:SWKH) Trading Down 1.6% - Here's Why

Key Points

• SWK Holdings Corp. shares fell 1.6%, trading at $14.47 after a previous close of $14.70 with a slightly lower trading volume.
• Analysts have recently adjusted their ratings on SWK, with Wall Street Zen downgrading the stock to a "hold" and Maxim Group lowering the price target from $21.00 to $18.00.
• SWK reported $0.38 earnings per share, exceeding analyst estimates of $0.18, alongside a notable 39% net margin for the quarter.

SWK Holdings Corp. (NASDAQ:SWKH - Get Free Report)'s share price traded down 1.6% during trading on Monday . The stock traded as low as $14.46 and last traded at $14.47. 13,238 shares were traded during trading, a decline of 2% from the average session volume of 13,537 shares. The stock had previously closed at $14.70.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen cut shares of SWK from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Maxim Group lowered their price objective on shares of SWK from $21.00 to $18.00 and set a "buy" rating for the company in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, SWK currently has a consensus rating of "Buy" and a consensus price target of $18.00.

SWK Stock Performance

The stock has a fifty day simple moving average of $14.84 and a 200-day simple moving average of $15.50. The stock has a market cap of $175.81 million, a P/E ratio of 10.19 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.17 and a current ratio of 3.17.

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, topping analysts' consensus estimates of $0.18 by $0.20. The firm had revenue of $10.05 million during the quarter. SWK had a return on equity of 8.43% and a net margin of 39.00%.

Hedge Funds Weigh In On SWK

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in SWK by 2,955.0% during the 1st quarter. GAMMA Investing LLC now owns 3,391 shares of the company's stock worth $59,000 after purchasing an additional 3,280 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in SWK by 139.0% during the 1st 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 in the last quarter. Bank of America Corp DE boosted its stake in shares of 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 buying an additional 1,649 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of SWK by 13.3% during the 1st quarter. Rhumbline Advisers now owns 5,690 shares of the company's stock worth $99,000 after buying an additional 666 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of SWK by 42.5% during the 4th quarter. State of Wyoming now owns 7,374 shares of the company's stock worth $117,000 after buying an additional 2,200 shares during the last quarter. Institutional investors 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.

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