Wynnefield Capital Inc buys $9,654,175 stake in S&W Seed Company (SANW)

S&W Seed Company (SANW) : Wynnefield Capital Inc scooped up 1,277,676 additional shares in S&W Seed Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,045,376 shares of S&W Seed Company which is valued at $9,654,175.S&W Seed Company makes up approximately 3.20% of Wynnefield Capital Inc’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors reduced its stake in SANW by selling 1,900 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 35,000 shares of SANW which is valued at $165,200.

S&W Seed Company opened for trading at $4.8 and hit $4.95 on the upside on Thursday, eventually ending the session at $4.805, with a gain of 0.10% or 0.005 points. The heightened volatility saw the trading volume jump to 35,090 shares. Company has a market cap of $81 M.

On the company’s financial health, S&W Seed Company reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 12, 2016. Analyst had a consensus of $-0.01. The company had revenue of $25.01 million for the quarter, compared to analysts expectations of $21.19 million. The company’s revenue was down -18.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

S&W Seed Company (S&W) is engaged in breeding growing processing and selling agricultural commodities principally alfalfa seed. The Company is a producer of warm climate high-yield alfalfa seed varieties including varieties that can thrive in poor saline soils. The Company also offers seed cleaning and processing for other seed manufacturers. S&W owns a seed-cleaning and processing facility in Five Points California. The property includes a total of 40 acres including 35 acres that are in reserve for future development and five acres with permanent structures and three seed-processing lines. The Company’s products are grown under contract by farmers in the San Joaquin and Imperial Valleys of California Southern Australia as well as by the Company itself under a small direct farming operation. S&W is also focused on breeding improved varieties of stevia improving its harvesting and milling techniques and developing marketing and distribution programs for its stevia products.

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