Here is the rundown on market activity for Capital Southwest Corporation (NASDAQ:CSWC). Thomas Duane Morgan, Director disclosed the purchase of 3,100 shares of (CSWC). The shares were purchased at an average price of $16.26. Morgan now owns $187,742 of the stock per the Form 4 SEC filing. Joseph B. Armes, Director disclosed the sale of 500 shares. The shares were sold on June 5th for an average price of $16.03. The Director now owns $561,050 of the stock according to the SEC filing.
Director Joseph B. Armes sold 1,000 shares at an average price of $16.00 on Thu the 1st. That brings the Director’s holdings to $568,000 per an SEC filing yesterday.
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..
Here are a few other firms who have also updated their positions. As of quarter end Mackenzie Financial Corp had bought 11,057 shares growing its stake by 45.3%. The value of the investment in CSWC went from $394,000 to $600,000 a change of 52.3% quarter to quarter. Morgan Stanley trimmed its investment by shedding 470 shares a decrease of 43.9% as of 03/31/2017. Morgan Stanley owns 600 shares valued at $10,000. The value of the position overall is down by 41.2%.
As of the end of the quarter Moab Capital Partners LLC had disposed of a total of 29,861 shares trimming its holdings by 1.8%. The value of the investment in (CSWC) increased from $26,811,000 to $27,568,000 increasing 2.8% quarter over quarter. As of the end of the quarter Clover Partners, L.p. had bought 1,255 shares growing its position 0.2%. The value of the total investment in Capital Southwest Corporation went from $11,225,000 to $11,775,000 a change of $550,000 for the reporting period.
The company is trading down by -0.43 percent from yesterday’s close. Additionally the company recently announced a dividend for shareholders to be paid on Monday the 3rd of July 2017. The dividend payment will be $0.190 per share for the quarter or $0.76 on an annualized basis. The dividend yield will be $4.69. The ex-dividend date is set for Monday the 13th of March 2017.
The stock is trading at $16.12 which is marginally over the 50 day moving average which is $16.00 and which is just a bit higher than the 200 day moving average of $16.08. The 50 day moving average went up $0.12 or +0.72% and the 200 day average went up $0.04 or +0.22%.
Capital Southwest Corporation currently has a P/E ratio of 12.69 and market cap is 257.37M. Investors are more bullish on shares of Capital Southwest Corporation of late if you take into consideration the change in short interest. The stock experienced a fall in short interest from May 15, 2017 to April 28, 2017 of -1.75%. Short interest decreased 421 over that period. The short-interest ratio increased to 1.1 and the short interest percentage is 0.00% as of April 28.