Maple Rock Capital Partners Inc. purchased a new stake in S&W Seed (NASDAQ:SANW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,200 shares of the company’s stock, valued at approximately $321,000. S&W Seed makes up 0.1% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 15th biggest holding.
Several other institutional investors have also bought and sold shares of SANW. Teton Advisors Inc. acquired a new position in S&W Seed during the fourth quarter worth $208,000. Old West Investment Management LLC acquired a new position in S&W Seed during the third quarter worth $824,000. B. Riley Financial Inc. raised its holdings in S&W Seed by 151.9% during the third quarter. B. Riley Financial Inc. now owns 398,190 shares of the company’s stock worth $1,272,000 after purchasing an additional 240,136 shares during the last quarter. Birch Run Capital Advisors LP acquired a new position in S&W Seed during the fourth quarter worth $1,465,000. Finally, Price Michael F raised its holdings in S&W Seed by 51.2% during the fourth quarter. Price Michael F now owns 6,814,339 shares of the company’s stock worth $26,576,000 after purchasing an additional 2,306,501 shares during the last quarter. Hedge funds and other institutional investors own 65.02% of the company’s stock.
SANW has been the subject of several research reports. B. Riley reduced their price objective on S&W Seed from $6.50 to $5.50 and set a “buy” rating for the company in a report on Friday, February 9th. Noble Financial initiated coverage on S&W Seed in a report on Wednesday, January 24th. They set a “buy” rating and a $7.00 price objective for the company. Finally, ValuEngine raised S&W Seed from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. S&W Seed has an average rating of “Hold” and a consensus target price of $5.30.
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S&W Seed 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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