SWK (NASDAQ:SWKH) Issues Quarterly Earnings Results

SWK (NASDAQ:SWKH) released its quarterly earnings data on Thursday, November 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.25, Zacks reports. SWK had a net margin of 50.37% and a return on equity of 9.81%. The firm had revenue of $13.72 million for the quarter.

SWK Stock Down 1.3%

NASDAQ SWKH traded down $0.23 during trading on Thursday, hitting $17.52. 5,523 shares of the company traded hands, compared to its average volume of 18,772. SWK has a 12 month low of $13.17 and a 12 month high of $20.49. The business has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $15.17. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $211.86 million, a P/E ratio of 9.42 and a beta of 0.32.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SWKH. Bridgeway Capital Management LLC raised its stake in shares of SWK by 2.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 114,277 shares of the company’s stock valued at $1,684,000 after acquiring an additional 3,263 shares in the last quarter. Raymond James Financial Inc. grew its holdings in SWK by 5.3% during the third quarter. Raymond James Financial Inc. now owns 78,609 shares of the company’s stock valued at $1,144,000 after purchasing an additional 3,952 shares during the last quarter. Empowered Funds LLC raised its position in shares of SWK by 3.7% in the first quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock valued at $936,000 after purchasing an additional 1,929 shares during the period. Dimensional Fund Advisors LP raised its position in shares of SWK by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 49,359 shares of the company’s stock valued at $718,000 after purchasing an additional 762 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of SWK by 5,440.8% in the third quarter. NewEdge Advisors LLC now owns 17,509 shares of the company’s stock worth $255,000 after buying an additional 17,193 shares during the last quarter. Institutional investors and hedge funds own 99.27% of the company’s stock.

Analyst Ratings Changes

SWKH has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of SWK in a report on Monday. Wall Street Zen cut SWK from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Maxim Group lowered SWK from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” 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.