Accredited Investors Inc. Grows Stock Position in Sow Good Inc. (NASDAQ:SOWG)

Accredited Investors Inc. boosted its position in Sow Good Inc. (NASDAQ:SOWG) by 181.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 251,373 shares of the company’s stock after buying an additional 161,994 shares during the period. Accredited Investors Inc.’s holdings in Sow Good were worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SOWG. Swedbank AB acquired a new stake in shares of Sow Good in the 2nd quarter worth $1,378,000. Marshall Wace LLP acquired a new position in shares of Sow Good during the second quarter worth about $1,826,000. Abound Wealth Management purchased a new position in Sow Good during the second quarter worth about $33,000. Perritt Capital Management Inc acquired a new stake in Sow Good in the second quarter valued at about $60,000. Finally, Bard Associates Inc. boosted its holdings in Sow Good by 43.3% in the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after purchasing an additional 73,445 shares in the last quarter. 10.74% of the stock is currently owned by hedge funds and other institutional investors.

Sow Good Stock Down 11.3 %

Shares of SOWG stock opened at $3.76 on Friday. Sow Good Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $24.83. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $10.27. The stock has a market capitalization of $38.50 million, a PE ratio of 6.06 and a beta of 1.96.

Sow Good (NASDAQ:SOWG) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.28. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. The company had revenue of $15.65 million for the quarter, compared to the consensus estimate of $14.40 million. During the same quarter in the prior year, the firm earned ($0.68) earnings per share. On average, sell-side analysts anticipate that Sow Good Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and cut their target price for the stock from $17.00 to $4.00 in a research note on Friday. Craig Hallum cut Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a research report on Friday. Finally, Roth Capital downgraded Sow Good from a “strong-buy” rating to a “hold” rating in a report on Friday.

Sow Good Company Profile

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.