SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Trading Up 0.1% – Time to Buy?

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL)’s share price was up 0.1% during mid-day trading on Friday . The stock traded as high as $25.64 and last traded at $25.6140. 1,890 shares traded hands during trading, a decline of 36% from the average daily volume of 2,968 shares. The stock had previously closed at $25.60.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Performance

The stock has a 50 day simple moving average of $25.55 and a two-hundred day simple moving average of $25.58.

SWK Holdings Co. 9.00% Senior Notes due 2027 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 8.8%. The ex-dividend date was Monday, December 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.