Weiss Ratings Reiterates Hold (C-) Rating for SWK (NASDAQ:SWKH)

Key Points

• Weiss Ratings has reiterated a "hold (C-)" rating for SWK Holdings Corporation (NASDAQ: SWKH), indicating a cautious outlook on the stock.
• SWK was recently downgraded by Wall Street Zen from a "buy" to a "hold" rating, with current average analyst ratings pointing towards a "Moderate Buy" and a target price of $18.00.
• The company's most recent quarterly earnings report showed earnings per share (EPS) of $0.38, significantly exceeding analysts' expectations of $0.18.

SWK (NASDAQ:SWKH - Get Free Report)'s stock had its "hold (c-)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of SWK from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, SWK currently has an average rating of "Moderate Buy" and an average target price of $18.00.

SWK Trading Up 0.3%

Shares of SWK stock opened at $14.45 on Wednesday. The company has a market capitalization of $175.57 million, a price-to-earnings ratio of 10.18 and a beta of 0.20. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.13. SWK has a 12-month low of $13.17 and a 12-month high of $20.49. The firm's 50-day moving average price is $14.61 and its two-hundred day moving average price is $15.07.

SWK (NASDAQ:SWKH - Get Free Report) last announced its quarterly earnings data 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. SWK had a net margin of 39.00% and a return on equity of 8.43%. The firm had revenue of $10.05 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SWKH. GAMMA Investing LLC raised its holdings in SWK by 2,955.0% in the 1st 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 last quarter. Russell Investments Group Ltd. grew 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 worth $71,000 after acquiring an additional 2,364 shares during the last quarter. 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 valued at $82,000 after buying an additional 1,649 shares during the last quarter. Rhumbline Advisers boosted its position in shares of SWK by 13.3% during 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 last quarter. Finally, State of Wyoming boosted its position in shares of SWK by 42.0% during the first quarter. State of Wyoming now owns 10,472 shares of the company's stock valued at $182,000 after buying an additional 3,098 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.