Bard Associates Inc. Has $2.84 Million Holdings in Sow Good Inc. (NASDAQ:SOWG)

Bard Associates Inc. increased its stake in shares of Sow Good Inc. (NASDAQ:SOWG) by 43.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 243,145 shares of the company’s stock after acquiring an additional 73,445 shares during the period. Bard Associates Inc. owned about 2.37% of Sow Good worth $2,842,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Sow Good during the 2nd quarter worth about $1,826,000. Accredited Investors Inc. bought a new stake in shares of Sow Good during the 2nd quarter valued at $1,789,000. Swedbank AB acquired a new stake in shares of Sow Good during the 2nd quarter worth $1,378,000. Perritt Capital Management Inc bought a new stake in Sow Good during the second quarter worth about $60,000. Finally, Abound Wealth Management bought a new position in Sow Good in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 10.74% of the company’s stock.

Analyst Ratings Changes

SOWG has been the topic of a number of research analyst reports. Roth Mkm downgraded shares of Sow Good from a “buy” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $4.00 in a research note on Friday. Craig Hallum downgraded Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a report on Friday.

Sow Good Price Performance

NASDAQ:SOWG opened at $4.24 on Friday. The stock’s 50-day simple moving average is $10.56. Sow Good Inc. has a one year low of $3.92 and a one year high of $24.83. The company has a market capitalization of $43.42 million, a P/E ratio of 6.84 and a beta of 1.96. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.01 by $0.28. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. The business had revenue of $15.65 million during the quarter, compared to analyst estimates of $14.40 million. During the same period last year, the business posted ($0.68) earnings per share. On average, equities research analysts expect that Sow Good Inc. will post 0.52 earnings per share for the current fiscal year.

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.