SWK (NASDAQ:SWKH) Shares Down 0.1% – Should You Sell?

SWK Holdings Corp. (NASDAQ:SWKH)’s stock price traded down 0.1% during trading on Wednesday . The company traded as low as $17.39 and last traded at $17.39. 1,822 shares were traded during mid-day trading, a decline of 84% from the average session volume of 11,213 shares. The stock had previously closed at $17.41.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SWKH shares. Wall Street Zen downgraded shares of SWK from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Maxim Group downgraded SWK from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of SWK in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.00.

SWK Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 5.68 and a quick ratio of 5.68. The firm has a market capitalization of $210.42 million, a price-to-earnings ratio of 9.35 and a beta of 0.30. The business’s fifty day simple moving average is $17.04 and its 200 day simple moving average is $15.77.

SWK (NASDAQ:SWKH) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.25. The firm had revenue of $13.72 million for the quarter. SWK had a net margin of 50.37% and a return on equity of 9.81%.

Institutional Investors Weigh In On SWK

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of SWK by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 49,359 shares of the company’s stock worth $718,000 after purchasing an additional 762 shares in the last quarter. GSA Capital Partners LLP raised its holdings in SWK by 6.5% during the third quarter. GSA Capital Partners LLP now owns 13,458 shares of the company’s stock worth $196,000 after buying an additional 821 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of SWK by 41.2% in the third quarter. Russell Investments Group Ltd. now owns 3,795 shares of the company’s stock valued at $55,000 after buying an additional 1,108 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SWK by 40.5% during the third quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock valued at $77,000 after buying an additional 1,527 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of SWK by 41.8% during the second quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock valued at $82,000 after buying an additional 1,649 shares during the last quarter. 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. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.