Koshinski Asset Management Inc. Sells 1,500 Shares of S&W Seed Company (NASDAQ:SANW)

Koshinski Asset Management Inc. cut its stake in S&W Seed Company (NASDAQ:SANW) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 184,778 shares of the company’s stock after selling 1,500 shares during the period. Koshinski Asset Management Inc.’s holdings in S&W Seed Company were worth $767,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SANW. Wynnefield Capital Inc. boosted its position in shares of S&W Seed Company 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. Kennedy Capital Management Inc. boosted its position in shares of S&W Seed Company by 1.2% in the first quarter. Kennedy Capital Management Inc. now owns 828,195 shares of the company’s stock valued at $4,100,000 after buying an additional 9,437 shares during the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in shares of S&W Seed Company 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. Cutter & CO Brokerage Inc. boosted its position in shares of S&W Seed Company by 11.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 528,178 shares of the company’s stock valued at $2,614,000 after buying an additional 52,715 shares during the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in shares of S&W Seed Company 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 during the last quarter. Institutional investors and hedge funds own 63.52% of the company’s stock.

Shares of S&W Seed Company (NASDAQ:SANW) remained flat at $4.05 during trading on Monday. 57,760 shares of the company traded hands. The stock’s 50-day moving average price is $4.07 and its 200-day moving average price is $4.51. The stock’s market capitalization is $72.81 million. S&W Seed Company has a 12 month low of $3.80 and a 12 month high of $5.35.

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

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

In related news, major shareholder Wynnefield Partners Small Cap bought 37,048 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of $4.20 per share, with a total value of $155,601.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Glen D. Bornt sold 12,726 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $63,630.00. Following the completion of the sale, the director now directly owns 155,000 shares in the company, valued at $775,000. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 895,527 shares of company stock worth $3,616,386 and sold 17,507 shares worth $84,268. Company insiders own 12.10% of the company’s stock.

S&W Seed Company 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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Institutional Ownership by Quarter for S&W Seed Company (NASDAQ:SANW)

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