Millennium Management LLC Invests $235,000 in SWK Holdings Co. (NASDAQ:SWKH)

Millennium Management LLC acquired a new position in shares of SWK Holdings Co. (NASDAQ:SWKH) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 14,839 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of SWK by 3.7% during the fourth quarter. Renaissance Technologies LLC now owns 28,883 shares of the company’s stock worth $458,000 after buying an additional 1,036 shares during the period. Grace & White Inc. NY raised its holdings in SWK by 11.1% during the fourth quarter. Grace & White Inc. NY now owns 18,721 shares of the company’s stock worth $297,000 after purchasing an additional 1,871 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 purchasing an additional 3,317 shares in the last quarter. Northern Trust Corp raised its holdings in 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 purchasing an additional 4,708 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in SWK by 102.2% during the fourth quarter. JPMorgan Chase & Co. now owns 12,350 shares of the company’s stock worth $196,000 after purchasing an additional 6,242 shares in the last quarter. 99.27% of the stock is currently owned by institutional investors and hedge funds.

SWK Price Performance

NASDAQ SWKH opened at $14.67 on Thursday. The stock has a market capitalization of $180.00 million, a P/E ratio of 15.77 and a beta of 0.15. SWK Holdings Co. has a 1 year low of $13.17 and a 1 year high of $20.49. The business’s fifty day moving average is $15.16 and its two-hundred day moving average is $16.03. 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 (NASDAQ:SWKH) last posted its quarterly 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. SWK had a return on equity of 5.07% and a net margin of 26.51%. The company had revenue of $11.83 million for the quarter.

SWK Announces Dividend

The company also recently announced 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 of this dividend was Thursday, April 24th.

Analyst Ratings Changes

SWKH has been the topic of several recent analyst reports. Maxim Group dropped their target price on SWK from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Wall Street Zen cut SWK from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

SWK 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.