SWKH - SWK Holdings Offers Attractive 9% Baby Bond
2024-04-09 13:40:08 ET
Summary
- SWK Holdings offers a 9% coupon baby bond, which is currently trading close to par, making it a good choice for income investors.
- Despite a decline in revenues, SWK managed to increase its net profit by $2 million in 2023, with expenses remaining under control.
- SWK's balance sheet shows stable shareholder equity, and the company is generating a healthy amount of cash to support its interest payments.
SWK Holdings Corporation ( SWKH ) is a specialty asset management business with a focus on the healthcare sector. The company provides financing and invests in intellectual property licensing through royalties. Recently, SWK announced the offering of a 9% coupon baby bond, SWK Holdings Corporation NT 27 ( SWKHL ), which is callable in September 2025 and matures in January 2027. The baby bond is currently trading close to par, and I believe it is a good choice for income investors....
SWK Holdings Offers Attractive 9% Baby Bond