SWK (NASDAQ:SWKH) Stock Price Up 1.3% – What’s Next?

SWK Holdings Co. (NASDAQ:SWKH)’s share price shot up 1.3% during trading on Tuesday . The stock traded as high as $17.23 and last traded at $16.79. 3,969 shares were traded during mid-day trading, a decline of 63% from the average session volume of 10,660 shares. The stock had previously closed at $16.58.

SWK Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.68 and a current ratio of 2.68. The company has a fifty day moving average of $16.93 and a two-hundred day moving average of $17.07. The firm has a market capitalization of $204.56 million, a price-to-earnings ratio of 16.63 and a beta of 0.36.

SWK (NASDAQ:SWKH) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.46 EPS for the quarter. SWK had a net margin of 29.82% and a return on equity of 5.33%. The business had revenue of $11.54 million for the quarter.

Institutional Trading of SWK

Several large investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC increased its stake in shares of SWK by 7.7% in the 2nd quarter. SkyView Investment Advisors LLC now owns 31,165 shares of the company’s stock valued at $529,000 after purchasing an additional 2,234 shares during the last quarter. Empowered Funds LLC raised its stake in SWK by 7.9% during the first quarter. Empowered Funds LLC now owns 50,137 shares of the company’s stock worth $873,000 after acquiring an additional 3,675 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of SWK in the second quarter worth about $172,000. Dimensional Fund Advisors LP boosted its stake in shares of SWK by 85.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,109 shares of the company’s stock valued at $511,000 after purchasing an additional 13,892 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of SWK during the 3rd quarter valued at approximately $589,000. 99.27% of the stock is owned by institutional investors and hedge funds.

SWK Company 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.