SWK Holdings Corp. $SWKH Stake Lessened by Cannell Capital LLC

Cannell Capital LLC trimmed its stake in shares of SWK Holdings Corp. (NASDAQ:SWKH) by 23.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,322 shares of the company’s stock after selling 73,297 shares during the quarter. Cannell Capital LLC’s holdings in SWK were worth $3,511,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of SWK by 41.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,795 shares of the company’s stock worth $55,000 after purchasing an additional 1,108 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SWK by 40.5% during the third quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock valued at $77,000 after buying an additional 1,527 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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. GSA Capital Partners LLP grew its position in shares of SWK by 6.5% in the 3rd quarter. GSA Capital Partners LLP now owns 13,458 shares of the company’s stock worth $196,000 after acquiring an additional 821 shares in the last quarter. Finally, Bailard Inc. acquired a new position in shares of SWK in the 3rd quarter worth approximately $203,000. 99.27% of the stock is owned by institutional investors and hedge funds.

SWK Stock Performance

Shares of NASDAQ SWKH opened at $17.17 on Friday. The stock has a market capitalization of $207.69 million, a P/E ratio of 9.23 and a beta of 0.30. The firm’s 50-day moving average price is $17.12 and its two-hundred day moving average price is $16.42. SWK Holdings Corp. has a 52-week low of $13.17 and a 52-week high of $20.49. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SWK in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.00.

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. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.