SWK (NASDAQ:SWKH) Earns “Hold (C-)” Rating from Weiss Ratings

SWK (NASDAQ:SWKH)‘s stock had its “hold (c-)” rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on SWKH. Maxim Group cut SWK from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen downgraded SWK from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

SWK Price Performance

Shares of NASDAQ:SWKH opened at $16.31 on Friday. SWK has a 1-year low of $13.17 and a 1-year high of $20.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.17 and a quick ratio of 3.17. The business has a fifty day moving average price of $14.99 and a 200-day moving average price of $14.97. The company has a market capitalization of $198.17 million, a PE ratio of 11.49 and a beta of 0.20.

SWK (NASDAQ:SWKH) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.20. SWK had a return on equity of 8.43% and a net margin of 39.00%.The firm had revenue of $10.05 million during the quarter.

Hedge Funds Weigh In On SWK

A number of institutional investors and hedge funds have recently modified their holdings of SWKH. Russell Investments Group Ltd. boosted its holdings in shares of SWK by 139.0% in 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 period. Bank of America Corp DE lifted its holdings in shares of SWK by 41.8% in the 2nd quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock worth $82,000 after buying an additional 1,649 shares during the period. State of Wyoming lifted its holdings in shares of SWK by 42.0% in the 1st quarter. State of Wyoming now owns 10,472 shares of the company’s stock worth $182,000 after buying an additional 3,098 shares during the period. Empowered Funds LLC lifted its holdings in shares of SWK by 3.7% in the 1st quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock worth $936,000 after buying an additional 1,929 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of SWK by 297.5% in 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 during the period. Hedge funds and other institutional investors own 99.27% of the company’s stock.

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.