S&W Seed Company (NASDAQ:SANW) Major Shareholder Purchases $3,000,000.00 in Stock

S&W Seed Company (NASDAQ:SANW) major shareholder Wynnefield Partners Small Cap purchased 750,000 shares of the stock in a transaction on Wednesday, July 19th. The shares were purchased at an average price of $4.00 per share, for a total transaction of $3,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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Wynnefield Partners Small Cap also recently made the following trade(s):

On Wednesday, June 21st, Wynnefield Partners Small Cap acquired 196,900 shares of S&W Seed stock. The stock was bought at an average price of $4.16 per share, for a total transaction of $819,104.00.
On Tuesday, June 13th, Wynnefield Partners Small Cap acquired 343,979 shares of S&W Seed stock. The stock was bought at an average price of $3.96 per share, for a total transaction of $1,362,156.84.
On Friday, June 9th, Wynnefield Partners Small Cap acquired 136,600 shares of S&W Seed stock. The stock was bought at an average price of $3.99 per share, for a total transaction of $545,034.00.
On Tuesday, May 23rd, Wynnefield Partners Small Cap acquired 157,000 shares of S&W Seed stock. The stock was bought at an average price of $4.05 per share, for a total transaction of $635,850.00.
On Friday, May 12th, Wynnefield Partners Small Cap acquired 37,048 shares of S&W Seed stock. The stock was bought at an average price of $4.20 per share, for a total transaction of $155,601.60.

S&W Seed Company (SANW) opened at 3.55 on Monday. S&W Seed Company has a 12-month low of $3.55 and a 12-month high of $5.35. The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $4.44. The stock’s market cap is $63.83 million.

S&W Seed (NASDAQ:SANW) last announced its earnings results on Wednesday, May 10th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $27.49 million. S&W Seed had a negative net margin of 0.46% and a positive return on equity of 1.53%. The business’s revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. On average, analysts forecast that S&W Seed Company will post $0.03 earnings per share for the current fiscal year.

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Several research firms have recently commented on SANW. Roth Capital set a $6.00 price objective on S&W Seed and gave the stock a “buy” rating in a report on Saturday, May 13th. B. Riley reiterated a “buy” rating and issued a $9.00 price objective on shares of S&W Seed in a report on Tuesday, May 9th. Piper Jaffray Companies downgraded S&W Seed from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $6.00 to $4.00 in a report on Thursday, May 11th. Finally, Bank of America Corporation began coverage on S&W Seed in a report on Thursday, June 15th. They issued a “buy” rating on the stock.

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of 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 buying an additional 21,904 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of S&W Seed by 23.4% in the fourth quarter. Renaissance Technologies LLC now owns 86,500 shares of the company’s stock valued at $398,000 after buying an additional 16,400 shares in the last quarter. S Squared Technology LLC acquired a new stake in shares of S&W Seed during the first quarter valued at about $469,000. B. Riley Financial Inc. acquired a new stake in shares of S&W Seed during the first quarter valued at about $480,000. Finally, Essex Investment Management Co. LLC boosted its stake in shares of S&W Seed by 24.6% in the first quarter. Essex Investment Management Co. LLC now owns 116,931 shares of the company’s stock valued at $579,000 after buying an additional 23,099 shares in the last quarter. Hedge funds and other institutional investors own 63.52% of the company’s stock.

About S&W Seed

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.