SWK (NASDAQ:SWKH) Posts Quarterly Earnings Results, Beats Expectations By $0.25 EPS

SWK (NASDAQ:SWKH) announced its quarterly earnings data on Thursday. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.25, Zacks reports. The firm had revenue of $11.08 million for the quarter. SWK had a return on equity of 8.43% and a net margin of 39.00%.

SWK Trading Down 1.3%

Shares of NASDAQ SWKH traded down $0.22 during trading on Friday, reaching $16.46. The stock had a trading volume of 5,609 shares, compared to its average volume of 19,440. The business’s 50-day moving average price is $15.35 and its 200-day moving average price is $14.88. SWK has a fifty-two week low of $13.17 and a fifty-two week high of $20.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market cap of $199.94 million, a P/E ratio of 11.59 and a beta of 0.22.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SWK in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of SWK from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Finally, Maxim Group downgraded shares of SWK from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Institutional Trading of SWK

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its position in shares of SWK by 3.7% during the first quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock worth $936,000 after purchasing an additional 1,929 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in SWK by 297.5% during the 2nd quarter. Raymond James Financial Inc. now owns 74,657 shares of the company’s stock worth $1,100,000 after buying an additional 55,874 shares in the last quarter. Bank of America Corp DE boosted its position in SWK by 41.8% in the 2nd 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 period. Bridgeway Capital Management LLC boosted its position in 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 buying an additional 3,263 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of SWK by 40.5% in the third quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock worth $77,000 after acquiring an additional 1,527 shares in the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

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.