SWK (NASDAQ:SWKH) Cut to Hold at Maxim Group

SWK (NASDAQ:SWKH) was downgraded by stock analysts at Maxim Group from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

SWKH has been the subject of a number of other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of SWK in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of SWK from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

SWK Trading Up 0.6%

Shares of NASDAQ:SWKH opened at $16.75 on Monday. SWK has a 12-month low of $13.17 and a 12-month high of $20.49. The stock has a market cap of $203.51 million, a PE ratio of 11.80 and a beta of 0.20. The business has a 50 day moving average of $14.75 and a 200-day moving average of $15.03. The company has a quick ratio of 3.17, a current 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, topping analysts’ consensus estimates of $0.18 by $0.20. SWK had a return on equity of 8.43% and a net margin of 39.00%.The company had revenue of $10.05 million during the quarter.

Institutional Investors Weigh In On SWK

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in SWK by 2,955.0% during the first quarter. GAMMA Investing LLC now owns 3,391 shares of the company’s stock worth $59,000 after purchasing an additional 3,280 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in SWK by 139.0% during the first quarter. Russell Investments Group Ltd. now owns 4,065 shares of the company’s stock worth $71,000 after purchasing an additional 2,364 shares during the last quarter. Bank of America Corp DE lifted its stake in SWK by 41.8% during the second quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock worth $82,000 after purchasing an additional 1,649 shares during the last quarter. Rhumbline Advisers lifted its stake in SWK by 13.3% during the first quarter. Rhumbline Advisers now owns 5,690 shares of the company’s stock worth $99,000 after purchasing an additional 666 shares during the last quarter. Finally, State of Wyoming lifted its stake in SWK by 42.0% during the first quarter. State of Wyoming now owns 10,472 shares of the company’s stock worth $182,000 after purchasing an additional 3,098 shares during the last quarter. 99.27% of the stock is currently owned by institutional investors.

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.