SWK (NASDAQ:SWKH) Receives New Coverage from Analysts at Lake Street Capital

Research analysts at Lake Street Capital began coverage on shares of SWK (NASDAQ:SWKHGet Rating) in a report issued on Monday, The Fly reports. The firm set a “buy” rating and a $26.00 price target on the stock. Lake Street Capital’s price objective would suggest a potential upside of 41.92% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of SWK from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 20th. Colliers Securities reaffirmed a “buy” rating on shares of SWK in a report on Tuesday, March 22nd.

NASDAQ SWKH opened at $18.32 on Monday. The stock has a market capitalization of $235.03 million, a PE ratio of 9.11 and a beta of 0.26. SWK has a 52-week low of $15.40 and a 52-week high of $20.49. The business’s 50-day moving average price is $18.27.

SWK (NASDAQ:SWKHGet Rating) last posted its quarterly earnings results on Friday, April 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.48. The firm had revenue of $14.96 million during the quarter. SWK had a net margin of 46.17% and a return on equity of 13.86%.

Institutional investors have recently modified their holdings of the business. M3F Inc. increased its stake in shares of SWK by 63.9% during the 3rd quarter. M3F Inc. now owns 401,047 shares of the company’s stock worth $7,287,000 after purchasing an additional 156,365 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of SWK by 175.8% during the 3rd quarter. Geode Capital Management LLC now owns 51,280 shares of the company’s stock worth $931,000 after purchasing an additional 32,687 shares in the last quarter. Millennium Management LLC acquired a new stake in SWK during the second quarter worth approximately $412,000. LPL Financial LLC acquired a new stake in SWK during the fourth quarter worth approximately $363,000. Finally, Renaissance Technologies LLC boosted its position in SWK by 47.9% during the third quarter. Renaissance Technologies LLC now owns 50,214 shares of the company’s stock worth $912,000 after acquiring an additional 16,269 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

SWK Company Profile (Get Rating)

SWK Holdings Corp. is engaged in the business of financial and asset management in the field of pharmaceutical. The company offers capital and investments in life science companies, institutions and inventors. It engages in royalty purchases and financings, as well as commercialization of products. The firm operates through the following segments: Finance Receivables and Pharmaceutical Development.

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