SWK (NASDAQ:SWKH) Stock Price Down 1% – Time to Sell?

SWK Holdings Corp. (NASDAQ:SWKH) shares traded down 1% during mid-day trading on Tuesday . The stock traded as low as $17.00 and last traded at $17.02. 7,603 shares were traded during trading, a decline of 23% from the average session volume of 9,880 shares. The stock had previously closed at $17.20.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SWK in a research note on Monday. Wall Street Zen downgraded SWK from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Maxim Group lowered SWK from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, SWK presently has a consensus rating of “Hold” and a consensus price target of $18.00.

SWK Price Performance

The company has a market capitalization of $207.99 million, a PE ratio of 9.24 and a beta of 0.32. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $16.72 and its 200-day moving average price is $15.49.

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

Institutional Trading of SWK

A number of institutional investors and hedge funds have recently bought and sold shares of SWKH. M3F Inc. lifted its position in SWK by 5.0% during the third quarter. M3F Inc. now owns 733,155 shares of the company’s stock valued at $10,667,000 after buying an additional 34,727 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of SWK by 2.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 114,277 shares of the company’s stock valued at $1,684,000 after acquiring an additional 3,263 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of SWK by 5.3% during the 3rd quarter. Raymond James Financial Inc. now owns 78,609 shares of the company’s stock valued at $1,144,000 after acquiring an additional 3,952 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of SWK by 3.7% during the 1st quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock valued at $936,000 after acquiring an additional 1,929 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in SWK by 1.6% during 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 during the period. Institutional investors and hedge funds own 99.27% of the company’s stock.

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.