Bard Associates Inc. Acquires 73,445 Shares of Sow Good Inc. (NASDAQ:SOWG)

Bard Associates Inc. boosted its holdings in Sow Good Inc. (NASDAQ:SOWG) by 43.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,145 shares of the company’s stock after purchasing an additional 73,445 shares during the quarter. Bard Associates Inc.’s holdings in Sow Good were worth $2,842,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of Sow Good during the second quarter valued at $1,378,000. Marshall Wace LLP purchased a new stake in shares of Sow Good during the 2nd quarter valued at $1,826,000. Accredited Investors Inc. acquired a new stake in Sow Good in the second quarter worth about $1,789,000. Abound Wealth Management acquired a new stake in Sow Good in the 2nd quarter worth approximately $33,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Sow Good during the second quarter valued at $60,000. 10.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and decreased their price target for the company from $17.00 to $4.00 in a report on Friday. Craig Hallum lowered Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a research note on Friday.

Sow Good Price Performance

NASDAQ SOWG opened at $4.24 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.13 and a quick ratio of 3.30. Sow Good Inc. has a 12 month low of $3.92 and a 12 month high of $24.83. The firm has a fifty day moving average of $10.56. The stock has a market cap of $43.42 million, a P/E ratio of 6.84 and a beta of 1.96.

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

About Sow Good

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.