Short Interest in SWK Holdings Corp. (NASDAQ:SWKH) Grows By 18.6%

SWK Holdings Corp. (NASDAQ:SWKH) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 82,051 shares, a growth of 18.6% from the March 15th total of 69,181 shares. Based on an average daily volume of 13,572 shares, the short-interest ratio is presently 6.0 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SWKH. Russell Investments Group Ltd. increased its stake in 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 acquiring an additional 1,108 shares during the last quarter. Wells Fargo & Company MN increased its stake in SWK by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,408 shares of the company’s stock valued at $59,000 after acquiring an additional 1,077 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SWK by 40.5% in the third quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock valued at $77,000 after acquiring an additional 1,527 shares during the last quarter. Bank of America Corp DE increased its stake in SWK by 41.8% in the second quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock valued at $82,000 after acquiring an additional 1,649 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in SWK by 6.5% in the third quarter. GSA Capital Partners LLP now owns 13,458 shares of the company’s stock valued at $196,000 after acquiring an additional 821 shares during the last quarter. 99.27% of the stock is owned by institutional investors.

SWK Stock Performance

Shares of NASDAQ:SWKH opened at $15.90 on Friday. SWK has a 52-week low of $13.17 and a 52-week high of $20.49. The company has a market capitalization of $192.39 million, a P/E ratio of 8.55 and a beta of 0.27. The company has a 50-day simple moving average of $16.61 and a 200 day simple moving average of $16.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.41 and a current ratio of 9.41.

SWK (NASDAQ:SWKH) last issued its earnings results on Friday, March 20th. The company reported ($1.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($2.11). The firm had revenue of $8.69 million during the quarter. SWK had a negative net margin of 6.11% and a positive return on equity of 0.22%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SWK in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.00.

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. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.