Here is the rundown on market activity for Capital Southwest Corporation (NASDAQ:CSWC). Joseph B. Armes, Director disclosed the sale of 500 shares of (CSWC). The shares were purchased at an average price of $16.19. The Director now owns $526,175 of the stock according to the SEC filing. Director Joseph B. Armes sold 500 shares at an average price of $16.14 on June 19th. The Director now owns $548,760 of the stock per an SEC filing yesterday.
Thomas Duane Morgan, Director disclosed the purchase of 3,100 shares of CSWC stock. The shares were bought on June 7th for an average price of $16.26. Morgan now owns $187,742 of the stock per the Form 4 SEC filing.
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 some other firms who have updated their holdings. Mackenzie Financial Corp grew its investment by buying 11,057 shares an increase of 45.3% in the quarter. Mackenzie Financial Corp controls 35,457 shares worth $600,000. The total value of its holdings increased 52.3%. As of quarter end Morgan Stanley had disposed of a total of 470 shares trimming its position 43.9%. The value of the company’s investment in Capital Southwest Corporation went from $17,000 to $10,000 a change of 41.2% for the reporting period.
Moab Capital Partners LLC downsized its holdings by shedding 29,861 shares a decrease of 1.8% as of 03/31/2017. Moab Capital Partners LLC claims 1,630,252 shares with a value of $27,568,000. The value of the position overall is up by 2.8%. Clover Partners, L.p. added to its stake by buying 1,255 shares an increase of 0.2% from 12/31/2016 to 03/31/2017. Clover Partners, L.p. now controls 696,313 shares valued at $11,775,000. The total value of its holdings increased 4.9%.
Janney Capital added CSWC to its research portfolio with a rating of “Neutral”.
The company is now up since yesterday’s close of $16.17. Additionally Capital Southwest Corporation recently declared a dividend paid on Monday the 3rd of July 2017. The dividend was $0.190 per share for the quarter or $0.76 on an annualized basis. The dividend yield was $4.68. The ex-dividend date was Tuesday the 13th of June 2017.
Company shares last traded at $16.30 a tad higher than the 50 day moving average which is $16.02 and a tad above the 200 day moving average of $16.22. The 50 day moving average was up by +1.74% whereas the 200 day moving average was up $0.08 or +0.49%.
The P/E ratio is 11.01 and the market cap of the company is 260.98M. In the latest earnings report the EPS was $1.48 and is expected to be $2.00 for the current year with 16,011,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.27 and the next full year EPS is projected to be $1.36.
Investors are a little more bullish on Capital Southwest Corporation recently if you watch the motion in short interest. The company had a fall in short interest of -27.20% between June 15, 2017 and May 31, 2017. Short interest decreased 8,409 over that timeframe. The days to cover increased to 2.7 and the short interest percentage is 0.00% as of May 31.