Insider Selling: Capital Southwest Corporation (CSWC) Major Shareholder Sells $921,571.00 in Stock
Capital Southwest Corporation (NASDAQ:CSWC) major shareholder Moab Capital Partners Llc sold 53,270 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $17.30, for a total transaction of $921,571.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Capital Southwest Corporation (NASDAQ CSWC) opened at 16.65 on Friday. The company’s 50-day moving average is $16.55 and its 200-day moving average is $16.28. Capital Southwest Corporation has a 52 week low of $13.81 and a 52 week high of $17.43. The firm has a market cap of $266.50 million, a PE ratio of 10.10 and a beta of -0.49.
Capital Southwest Corporation (NASDAQ:CSWC) last released its quarterly earnings data on Wednesday, May 31st. The asset manager reported $0.22 EPS for the quarter. The firm had revenue of $7.73 million during the quarter. Capital Southwest Corporation had a net margin of 96.98% and a return on equity of 4.34%. Analysts forecast that Capital Southwest Corporation will post $1.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Thursday, September 14th. This is an increase from Capital Southwest Corporation’s previous quarterly dividend of $0.21. Capital Southwest Corporation’s payout ratio is currently 51.22%.
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CSWC has been the subject of a number of recent research reports. Janney Montgomery Scott initiated coverage on shares of Capital Southwest Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $18.00 price target for the company. ValuEngine cut shares of Capital Southwest Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Robert W. Baird initiated coverage on shares of Capital Southwest Corporation in a research note on Wednesday. They set an “outperform” rating and a $19.00 price target for the company. BidaskClub upgraded shares of Capital Southwest Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, National Bank Financial reiterated a “buy” rating and set a $22.00 price target on shares of Capital Southwest Corporation in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.25.
A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in Capital Southwest Corporation by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 114,753 shares of the asset manager’s stock worth $1,846,000 after buying an additional 1,937 shares in the last quarter. Steinberg Global Asset Management increased its position in Capital Southwest Corporation by 8.1% in the second quarter. Steinberg Global Asset Management now owns 16,020 shares of the asset manager’s stock worth $258,000 after buying an additional 1,200 shares in the last quarter. Wedbush Securities Inc. increased its position in Capital Southwest Corporation by 27.5% in the second quarter. Wedbush Securities Inc. now owns 21,804 shares of the asset manager’s stock worth $351,000 after buying an additional 4,700 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Capital Southwest Corporation during the second quarter worth approximately $179,000. Finally, Prudential Financial Inc. increased its position in Capital Southwest Corporation by 10.8% in the second quarter. Prudential Financial Inc. now owns 22,500 shares of the asset manager’s stock worth $362,000 after buying an additional 2,200 shares in the last quarter. 62.07% of the stock is owned by hedge funds and other institutional investors.
About Capital Southwest Corporation
Capital Southwest Corporation 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 debt investments and capital appreciation from its equity and equity related investments.
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