SWK (NASDAQ:SWKH) Cut to “Hold” at Wall Street Zen

SWK (NASDAQ:SWKH) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

SWK Stock Down 1.2%

Shares of NASDAQ SWKH opened at $14.41 on Friday. The stock has a market cap of $175.08 million, a PE ratio of 10.15 and a beta of 0.16. 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 has a 52-week low of $13.17 and a 52-week high of $20.49. The business has a 50-day moving average price of $14.76 and a 200 day moving average price of $15.23.

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

Institutional Investors Weigh In On SWK

Several hedge funds have recently made changes to their positions in SWKH. GAMMA Investing LLC boosted its holdings in shares of 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. raised its position in shares of SWK by 139.0% in the 1st quarter. Russell Investments Group Ltd. now owns 4,065 shares of the company’s stock worth $71,000 after buying an additional 2,364 shares during the period. Bank of America Corp DE raised its position in shares of SWK by 41.8% in the 2nd quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock worth $82,000 after buying an additional 1,649 shares during the period. Rhumbline Advisers raised its position in shares of SWK by 13.3% in the 1st quarter. Rhumbline Advisers now owns 5,690 shares of the company’s stock worth $99,000 after buying an additional 666 shares during the period. Finally, State of Wyoming raised its position in shares of SWK by 42.5% in the 4th quarter. State of Wyoming now owns 7,374 shares of the company’s stock worth $117,000 after buying an additional 2,200 shares during the period. 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.