S&W Seed Company (SANW) Earns Buy Rating from B. Riley
B. Riley reiterated their buy rating on shares of S&W Seed Company (NASDAQ:SANW) in a research note released on Thursday. They currently have a $6.50 price objective on the stock. B. Riley also issued estimates for S&W Seed’s Q2 2019 earnings at $0.01 EPS and Q3 2019 earnings at $0.01 EPS.
SANW has been the subject of several other reports. Craig Hallum cut S&W Seed from a buy rating to a hold rating and cut their price target for the company from $8.00 to $4.00 in a research note on Friday, September 15th. ValuEngine cut S&W Seed from a hold rating to a sell rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. S&W Seed presently has a consensus rating of Hold and a consensus price target of $5.13.
Shares of S&W Seed (NASDAQ:SANW) remained flat at $$2.95 during mid-day trading on Thursday. 101,200 shares of the company traded hands, compared to its average volume of 46,305. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.49. S&W Seed has a one year low of $2.90 and a one year high of $5.20.
S&W Seed (NASDAQ:SANW) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The company had revenue of $10.71 million during the quarter, compared to the consensus estimate of $9.75 million. S&W Seed had a negative net margin of 14.12% and a negative return on equity of 4.07%. research analysts predict that S&W Seed will post -0.1 EPS for the current year.
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In related news, insider Mfp Partners Lp purchased 375,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $3.20 per share, for a total transaction of $1,200,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kennedy Capital Management Inc. increased its holdings in S&W Seed by 5.5% in the second quarter. Kennedy Capital Management Inc. now owns 873,443 shares of the company’s stock valued at $3,625,000 after purchasing an additional 45,248 shares during the period. Essex Investment Management Co. LLC increased its holdings in S&W Seed by 35.1% in the second quarter. Essex Investment Management Co. LLC now owns 157,920 shares of the company’s stock valued at $655,000 after purchasing an additional 40,989 shares during the period. Wellington Management Group LLP increased its holdings in S&W Seed by 63.7% in the first quarter. Wellington Management Group LLP now owns 56,268 shares of the company’s stock valued at $279,000 after purchasing an additional 21,904 shares during the period. B. Riley Financial Inc. increased its holdings in S&W Seed by 63.1% in the second quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock valued at $656,000 after purchasing an additional 61,121 shares during the period. Finally, Thomson Horstmann & Bryant Inc. increased its holdings in S&W Seed by 13.1% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 605,985 shares of the company’s stock valued at $2,514,000 after purchasing an additional 70,195 shares during the period. Institutional investors and hedge funds own 52.09% of the company’s stock.
S&W Seed Company Profile
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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