SWK (NASDAQ:SWKH) Shares Up 1.3% - Here's Why

SWK Holdings Co. (NASDAQ:SWKH - Get Free Report)'s stock price shot up 1.3% 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 Up 0.5 %

The company has a market cap of $210.49 million, a PE ratio of 16.71 and a beta of 0.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.68 and a quick ratio of 2.68. The company has a fifty day moving average price of $16.94 and a 200 day moving average price of $17.07.

SWK (NASDAQ:SWKH - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.46 earnings per share for the quarter. SWK had a net margin of 29.82% and a return on equity of 5.33%. The firm had revenue of $11.54 million for the quarter.

Hedge Funds Weigh In On SWK

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of SWK during the 3rd quarter valued at $589,000. SkyView Investment Advisors LLC increased its holdings in shares of SWK by 7.7% in the second quarter. SkyView Investment Advisors LLC now owns 31,165 shares of the company's stock worth $529,000 after buying an additional 2,234 shares during the period. Dimensional Fund Advisors LP lifted 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 acquiring an additional 13,892 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in SWK during the 2nd quarter valued at about $172,000. Finally, Vanguard Group Inc. grew its position in SWK by 75.5% during the 1st quarter. Vanguard Group Inc. now owns 397,273 shares of the company's stock worth $6,920,000 after acquiring an additional 170,957 shares during the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

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.