SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Trading 0% Higher – Time to Buy?

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) rose 0% during trading on Wednesday . The company traded as high as $25.60 and last traded at $25.61. Approximately 5,484 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 3,668 shares. The stock had previously closed at $25.60.

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

The company’s 50-day moving average is $25.44 and its two-hundred day moving average is $25.53.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 8.8%. The ex-dividend date is Monday, June 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.