SWK (NASDAQ:SWKH) Trading 1.3% Higher – Time to Buy?

SWK Holdings Co. (NASDAQ:SWKH) traded up 1.3% on Tuesday . The company traded as high as $17.23 and last traded at $16.79. 3,969 shares traded hands during trading, a decline of 63% from the average session volume of 10,660 shares. The stock had previously closed at $16.58.

SWK Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $17.08. The firm has a market cap of $209.37 million, a PE ratio of 16.62 and a beta of 0.36.

SWK (NASDAQ:SWKH) last announced its quarterly earnings results on Thursday, August 15th. The company reported $0.46 earnings per share for the quarter. SWK had a return on equity of 5.33% and a net margin of 29.82%. The firm had revenue of $11.54 million during the quarter.

Hedge Funds Weigh In On SWK

Several institutional investors and hedge funds have recently modified their holdings of SWKH. Vanguard Group Inc. increased its stake in SWK by 75.5% during the 1st quarter. Vanguard Group Inc. now owns 397,273 shares of the company’s stock worth $6,920,000 after buying an additional 170,957 shares in the last quarter. Empowered Funds LLC increased its stake in SWK by 7.9% during the 1st quarter. Empowered Funds LLC now owns 50,137 shares of the company’s stock worth $873,000 after buying an additional 3,675 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in SWK by 7.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 31,165 shares of the company’s stock worth $529,000 after buying an additional 2,234 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in SWK by 85.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,109 shares of the company’s stock worth $511,000 after buying an additional 13,892 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in SWK during the 2nd quarter worth approximately $172,000. Hedge funds and other 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.