Trading volume for Capital Southwest was 4,297 by the end of trading on Tuesday. Overall, volume was down 77.81% under the stocks normal daily volume.
Investors are feeling more bearish on shares of the company as shown by the increase in short interest. The company realized a rise in short interest from September 29, 2017 to October 13, 2017 of 14.33%. Short shares increased 5,447 over that timeframe. With short interest at 43,469 and short average daily volume at 8,212, days to cover is 5.0 and the percentage of shorted shares was 0.00% on October 13.
The following firms have recently changed their position in CSWC. As of quarter end River Road Asset Management, LLC had disposed of 31,350 shares trimming its position 3.6%. The value of the company’s investment in Capital Southwest went from $14,029,000 to $14,409,000 a change of $380,000 since the last quarter. Silver Capital Management LLC cut its stake by shedding 170 shares a decrease of 0.4% as of 09/30/2017. Silver Capital Management LLC controls 40,813 shares worth $699,000. The value of the position overall is up by 6.1%.
As of the end of the quarter Advisors Asset Management, Inc. had bought a total of 30,349 shares growing its holdings by 272.5%. The value of the investment in Capital Southwest increased from $179,000 to $711,000 a change of 297.2% for the reporting period. Cambridge Investment Research Advisors, Inc. augmented its holdings by buying 2 shares an increase of 0.0% in the quarter. Cambridge Investment Research Advisors, Inc. owns 30,099 shares valued at $516,000. The total value of its holdings increased 6.6%.
On November 9 National Securities made no change to the stock rating of “Buy” with a current price target of $22.00. October 23 investment analysts at National Securities maintained a company rating of “Buy” targeting a price of $22.00.
On August 30, 2017 Robert W. Baird updated its forecast on CSWC setting a rating of “Outperform”. On August 11 National Securities left the stock rating at “Buy” projecting a price of $22.00.
The company is trading up from yesterday’s close of 16.95. The P/E ratio is currently 9.75 and market cap is 272.33M. In the latest earnings report the EPS was $1.74 with 16.02M shares outstanding.
Capital Southwest Corporation (CSWC), launched on April 19, 1961, is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from its debt investments and capital appreciation from its equity and equity related investments. It focuses on partnering with business owners, management teams and financial sponsors to provide financing solutions to fund growth, changes of control, or other corporate events. In allocating future investments, the Company focuses on investing primarily in senior and subordinated debt securities secured by security interests in portfolio company assets, coupled with equity interests. The Company targets senior and subordinated investments in the lower middle market and private loan transactions (club deals), as well as first and second lien syndicated loans in middle market companies. The Company primarily focuses on companies located in the United States..