Stran & Company, Inc. (NASDAQ:SWAG) Posts Earnings Results, Hits Estimates

Stran & Company, Inc. (NASDAQ:SWAG) posted its quarterly earnings results on Tuesday. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02, FiscalAI reports. The firm had revenue of $33.36 million during the quarter, compared to analyst estimates of $11.23 million. Stran & Company, Inc. had a return on equity of 1.26% and a net margin of 0.33%.

Stran & Company, Inc. Stock Performance

Shares of SWAG remained flat at $2.04 during mid-day trading on Tuesday. 45,468 shares of the stock were exchanged, compared to its average volume of 71,178. Stran & Company, Inc. has a 1 year low of $1.39 and a 1 year high of $3.50. The firm has a market capitalization of $38.03 million, a PE ratio of 204.20 and a beta of 1.98. The stock’s 50 day moving average price is $2.09 and its two-hundred day moving average price is $1.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.76 and a current ratio of 2.20.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Stran & Company, Inc. from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Stran & Company, Inc.

A number of large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd increased its holdings in shares of Stran & Company, Inc. by 113.7% in the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after buying an additional 11,562 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Stran & Company, Inc. by 31.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after acquiring an additional 8,300 shares during the period. State Street Corp grew its position in Stran & Company, Inc. by 27.8% during the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after acquiring an additional 12,500 shares during the last quarter. Mink Brook Asset Management LLC bought a new position in Stran & Company, Inc. during the 2nd quarter worth approximately $125,000. Finally, Citadel Advisors LLC increased its stake in Stran & Company, Inc. by 102.2% in the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after purchasing an additional 48,382 shares during the period. Hedge funds and other institutional investors own 56.42% of the company’s stock.

About Stran & Company, Inc.

Stran & Co, Inc engages in the provision of promotional marketing and branded merchandise services. It offers promotional product, custom manufacturing, custom packaging, warehousing, and program management. The company was founded by Andrew Shape and Andrew Stranberg in 1994 and is headquartered in Quincy, MA.