SWK (NASDAQ:SWKH) Trading 0.4% Higher – Time to Buy?

SWK Holdings Corp. (NASDAQ:SWKH) shares traded up 0.4% on Thursday . The stock traded as high as $15.31 and last traded at $15.18. 12,193 shares traded hands during trading, a decline of 8% from the average session volume of 13,191 shares. The stock had previously closed at $15.12.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SWKH shares. Wall Street Zen cut shares of SWK from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Maxim Group reduced their target price on shares of SWK from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, May 19th.

SWK Trading Up 0.4%

The firm’s 50-day simple moving average is $14.51 and its 200 day simple moving average is $15.80. The stock has a market cap of $186.26 million, a P/E ratio of 10.26 and a beta of 0.17. The company has a current ratio of 11.30, a quick ratio of 11.30 and a debt-to-equity ratio of 0.11.

SWK (NASDAQ:SWKH) last released 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. SWK had a net margin of 39.60% and a return on equity of 8.58%. The company had revenue of $11.83 million during the quarter.

SWK Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was Thursday, April 24th.

Hedge Funds Weigh In On SWK

A number of institutional investors have recently modified their holdings of SWKH. GAMMA Investing LLC boosted its holdings in shares of SWK by 2,955.0% in the first quarter. GAMMA Investing LLC now owns 3,391 shares of the company’s stock valued at $59,000 after buying an additional 3,280 shares during the period. Russell Investments Group Ltd. raised its holdings in SWK by 139.0% during the 1st quarter. Russell Investments Group Ltd. now owns 4,065 shares of the company’s stock worth $71,000 after purchasing an additional 2,364 shares during the last quarter. Rhumbline Advisers grew its position in shares of SWK by 13.3% during the 1st quarter. Rhumbline Advisers now owns 5,690 shares of the company’s stock worth $99,000 after buying an additional 666 shares during the period. State of Wyoming grew its position in SWK by 42.5% in the 4th quarter. State of Wyoming now owns 7,374 shares of the company’s stock valued at $117,000 after purchasing an additional 2,200 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in SWK by 102.2% during the 4th quarter. JPMorgan Chase & Co. now owns 12,350 shares of the company’s stock worth $196,000 after acquiring an additional 6,242 shares during the last quarter. 99.27% of the stock is owned by institutional investors.

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.