Abound Wealth Management Makes New $33,000 Investment in Sow Good Inc. (NASDAQ:SOWG)

Abound Wealth Management purchased a new stake in Sow Good Inc. (NASDAQ:SOWG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,667 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds also recently made changes to their positions in the company. Perritt Capital Management Inc acquired a new stake in Sow Good in the 2nd quarter valued at approximately $60,000. Accredited Investors Inc. acquired a new position in Sow Good during the 2nd quarter valued at about $1,789,000. Finally, Swedbank AB bought a new stake in shares of Sow Good during the 2nd quarter worth about $1,378,000. Institutional investors own 10.74% of the company’s stock.

Sow Good Stock Up 4.3 %

Shares of Sow Good stock opened at $10.76 on Monday. The company has a fifty day moving average price of $16.30. Sow Good Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $24.83. The firm has a market capitalization of $109.13 million, a price-to-earnings ratio of -30.74 and a beta of 1.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 5.13.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The company had revenue of $15.65 million during the quarter, compared to the consensus estimate of $14.40 million. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. During the same period in the prior year, the company earned ($0.68) EPS. Analysts anticipate that Sow Good Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Craig Hallum raised their price objective on shares of Sow Good from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, June 3rd.

Sow Good Company Profile

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.