SWK (NASDAQ:SWKH) Price Target Cut to $18.00 by Analysts at Maxim Group

SWK (NASDAQ:SWKH) had its price objective trimmed by Maxim Group from $21.00 to $18.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

SWK Price Performance

SWK stock opened at $14.20 on Monday. The stock has a market capitalization of $174.23 million, a P/E ratio of 15.27 and a beta of 0.21. The company’s fifty day moving average price is $16.00 and its 200 day moving average price is $16.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.06 and a current ratio of 5.06. SWK has a 1 year low of $13.17 and a 1 year high of $20.49.

SWK (NASDAQ:SWKH) last announced its earnings results on Thursday, May 15th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.37. The business had revenue of $11.83 million for the quarter. SWK had a net margin of 26.51% and a return on equity of 5.07%.

SWK Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th were paid a dividend of $4.00 per share. The ex-dividend date was Thursday, April 24th.

Hedge Funds Weigh In On SWK

A number of hedge funds have recently made changes to their positions in SWKH. M3F Inc. increased its position in shares of SWK by 2.5% during the fourth quarter. M3F Inc. now owns 800,151 shares of the company’s stock worth $12,690,000 after purchasing an additional 19,279 shares in the last quarter. Empowered Funds LLC lifted its holdings in SWK by 3.7% in the 1st quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock valued at $936,000 after purchasing an additional 1,929 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SWK by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,469 shares of the company’s stock worth $737,000 after purchasing an additional 3,317 shares during the last quarter. Rangeley Capital LLC purchased a new stake in shares of SWK during the fourth quarter worth $692,000. Finally, Northern Trust Corp grew its holdings in shares of SWK by 15.3% during the fourth quarter. Northern Trust Corp now owns 35,470 shares of the company’s stock worth $563,000 after buying an additional 4,708 shares in the last quarter. Institutional investors and hedge funds 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.