SWK (NASDAQ:SWKH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SWK (NASDAQ:SWKH) from a hold rating to a buy rating in a research report released on Saturday.

Separately, Maxim Group reduced their price objective on shares of SWK from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, May 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $18.00.

SWK Stock Up 1.0%

Shares of SWKH opened at $14.64 on Friday. The firm has a market cap of $177.88 million, a P/E ratio of 10.31 and a beta of 0.16. SWK has a 12-month low of $13.17 and a 12-month high of $20.49. The company’s 50-day moving average price is $14.80 and its 200 day moving average price is $15.28. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.13.

SWK (NASDAQ:SWKH) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.20. The firm had revenue of $10.05 million for the quarter. SWK had a net margin of 39.00% and a return on equity of 8.43%.

Hedge Funds Weigh In On SWK

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC grew its position in shares of SWK by 2.9% during the second quarter. Bridgeway Capital Management LLC now owns 114,277 shares of the company’s stock worth $1,684,000 after buying an additional 3,263 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of SWK by 297.5% during the second quarter. Raymond James Financial Inc. now owns 74,657 shares of the company’s stock worth $1,100,000 after buying an additional 55,874 shares in the last quarter. Empowered Funds LLC grew its position in shares of SWK by 3.7% during the first quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock worth $936,000 after buying an additional 1,929 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of SWK by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,469 shares of the company’s stock worth $737,000 after buying an additional 3,317 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in SWK by 15.3% in the fourth quarter. Northern Trust Corp now owns 35,470 shares of the company’s stock valued at $563,000 after purchasing an additional 4,708 shares in the last quarter. 99.27% of the stock is owned by institutional investors and hedge funds.

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.