SWK Holdings Co. (NASDAQ:SWKH) Short Interest Update

SWK Holdings Co. (NASDAQ:SWKH) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 47,200 shares, a decline of 18.6% from the September 15th total of 58,000 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.4% of the shares of the company are short sold.

SWK Stock Performance

Shares of NASDAQ:SWKH traded down $0.08 during midday trading on Tuesday, reaching $16.98. 6,210 shares of the company traded hands, compared to its average volume of 11,038. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.11. SWK has a 12 month low of $15.65 and a 12 month high of $18.75. The firm has a market capitalization of $211.79 million, a price-to-earnings ratio of 17.59 and a beta of 0.36. The firm’s fifty day moving average price is $17.08 and its two-hundred day moving average price is $17.13.

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

Hedge Funds Weigh In On SWK

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in SWK by 75.5% during the 1st quarter. Vanguard Group Inc. now owns 397,273 shares of the company’s stock valued at $6,920,000 after acquiring an additional 170,957 shares during the period. Empowered Funds LLC boosted its stake in SWK by 7.9% during the 1st quarter. Empowered Funds LLC now owns 50,137 shares of the company’s stock valued at $873,000 after purchasing an additional 3,675 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in SWK by 7.7% during 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. Dimensional Fund Advisors LP boosted its stake in SWK by 85.7% during 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 during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in SWK during the 2nd quarter valued at $172,000. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

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.