Cannell Capital LLC lessened its stake in shares of SWK Holdings Co. (NASDAQ:SWKH - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 354,326 shares of the company's stock after selling 27,512 shares during the quarter. SWK comprises about 1.2% of Cannell Capital LLC's investment portfolio, making the stock its 24th biggest holding. Cannell Capital LLC owned 2.90% of SWK worth $5,620,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC lifted its position in SWK by 185.0% during the third quarter. Barclays PLC now owns 4,461 shares of the company's stock valued at $77,000 after purchasing an additional 2,896 shares during the period. JPMorgan Chase & Co. raised its stake in SWK by 224.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,108 shares of the company's stock valued at $106,000 after buying an additional 4,225 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of SWK by 2.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 31,815 shares of the company's stock valued at $550,000 after buying an additional 650 shares during the period. Grace & White Inc. NY boosted its stake in shares of SWK by 11.1% in the 4th quarter. Grace & White Inc. NY now owns 18,721 shares of the company's stock worth $297,000 after buying an additional 1,871 shares during the last quarter. Finally, Rangeley Capital LLC bought a new stake in shares of SWK in the fourth quarter worth $692,000. 99.27% of the stock is currently owned by institutional investors.
SWK Stock Performance
SWKH stock traded up $1.26 during trading on Friday, reaching $18.04. The stock had a trading volume of 22,956 shares, compared to its average volume of 9,912. The firm has a market cap of $221.04 million, a PE ratio of 19.40 and a beta of 0.22. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.11. The stock's 50 day moving average is $16.83 and its two-hundred day moving average is $16.54. SWK Holdings Co. has a 52 week low of $15.14 and a 52 week high of $18.09.
SWK (NASDAQ:SWKH - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.40). The business had revenue of $12.36 million during the quarter, compared to the consensus estimate of $9.70 million. SWK had a return on equity of 5.07% and a net margin of 26.51%.
SWK Profile
(
Free Report)
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.
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