Shares of S&W Seed Company (NASDAQ:SANW) hit a new 52-week low during trading on Monday . The stock traded as low as $3.15 and last traded at $3.15, with a volume of 50,796 shares. The stock had previously closed at $3.25.
Several analysts have commented on SANW shares. ValuEngine lowered shares of S&W Seed from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Piper Jaffray Companies lowered shares of S&W Seed from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $6.00 to $4.00 in a report on Thursday, May 11th. Bank of America Corporation started coverage on shares of S&W Seed in a report on Thursday, June 15th. They issued a “buy” rating for the company. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of S&W Seed in a report on Tuesday, May 9th. Finally, Roth Capital set a $6.00 price objective on shares of S&W Seed and gave the stock a “buy” rating in a report on Saturday, May 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.00.
The company has a 50 day moving average of $3.73 and a 200 day moving average of $4.28. The company’s market capitalization is $56.63 million.
In related news, major shareholder Wynnefield Partners Small Cap acquired 750,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was bought at an average cost of $4.00 per share, with a total value of $3,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark S. Grewal acquired 24,000 shares of the stock in a transaction on Friday, May 19th. The stock was bought at an average cost of $4.11 per share, with a total value of $98,640.00. Following the completion of the transaction, the insider now owns 133,967 shares in the company, valued at $550,604.37. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,608,479 shares of company stock valued at $6,460,785 and sold 32,219 shares valued at $114,021. 12.10% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Thomson Horstmann & Bryant Inc. boosted its stake in shares of S&W Seed by 103.9% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 535,790 shares of the company’s stock valued at $2,652,000 after buying an additional 272,980 shares during the last quarter. Wynnefield Capital Inc. boosted its stake in shares of S&W Seed by 12.3% in the first quarter. Wynnefield Capital Inc. now owns 2,386,496 shares of the company’s stock valued at $11,813,000 after buying an additional 262,270 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in shares of S&W Seed during the first quarter valued at $480,000. S Squared Technology LLC acquired a new stake in shares of S&W Seed during the first quarter valued at $469,000. Finally, Cutter & CO Brokerage Inc. boosted its stake in shares of S&W Seed by 10.9% in the second quarter. Cutter & CO Brokerage Inc. now owns 585,857 shares of the company’s stock valued at $2,431,000 after buying an additional 57,679 shares during the last quarter. 54.42% of the stock is owned by hedge funds and other institutional investors.
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.
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