SWK (NASDAQ:SWKH) Price Target Lowered to $18.00 at Maxim Group

SWK (NASDAQ:SWKH) had its price target trimmed by Maxim Group from $21.00 to $18.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

SWK Stock Up 0.8%

NASDAQ:SWKH opened at $14.36 on Monday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.11. SWK has a 12-month low of $13.17 and a 12-month high of $20.49. The stock’s fifty day simple moving average is $16.08 and its 200-day simple moving average is $16.26. The firm has a market capitalization of $176.20 million, a P/E ratio of 15.44 and a beta of 0.21.

SWK (NASDAQ:SWKH) last issued its earnings results on Thursday, May 15th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.37. The firm had revenue of $11.83 million for the quarter. SWK had a return on equity of 5.07% and a net margin of 26.51%.

SWK Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th were paid a $4.00 dividend. The ex-dividend date was Thursday, April 24th.

Institutional Investors Weigh In On SWK

Hedge funds have recently bought and sold shares of the company. M3F Inc. increased its position in shares of SWK by 2.5% in the 4th quarter. M3F Inc. now owns 800,151 shares of the company’s stock valued at $12,690,000 after buying an additional 19,279 shares in the last quarter. Empowered Funds LLC grew its stake in 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 acquiring an additional 1,929 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of SWK by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 46,469 shares of the company’s stock worth $737,000 after acquiring an additional 3,317 shares in the last quarter. Rangeley Capital LLC bought a new stake in shares of SWK in the fourth quarter worth about $692,000. Finally, Northern Trust Corp raised its position in shares of SWK by 15.3% during the fourth quarter. Northern Trust Corp now owns 35,470 shares of the company’s stock worth $563,000 after purchasing an additional 4,708 shares during the period. 99.27% of the stock is currently owned by institutional investors and hedge funds.

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.