Traders are a little more bullish on shares of the company if you evaluate the change in short interest. The company saw a fall in short interest of -40.73% between August 31, 2017 and September 15, 2017. Short shares fell from 47,032 to 27,876 over that timeframe. The days to cover decreased to 0.0 and the percentage of shorted shares was 0.00% on September 15.
There has been some selling insider activity on Capital Southwest Corporation (NASDAQ:CSWC) recently. Director Joseph B. Armes sold 500 shares at an average price of $16.27 on Mon the 24th. That brings the Director’s holdings to $512,505 as recorded in a recent Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end Horizon Kinetics LLC had disposed of 200 shares trimming its holdings by 1.1%. The value of the investment in CSWC decreased from $299,000 to $281,000 a change of $18,000 quarter to quarter. As of the end of the quarter Cove Street Capital, LLC had bought a total of 8,300 shares growing its position 9.5%. The value of the company’s investment in Capital Southwest Corporation went from $1,477,000 to $1,538,000 increasing 4.1% quarter over quarter.
Evercore Trust Company, N.a. divested its ownership by shedding 10,244 shares a decrease of 1.7% in the quarter. Evercore Trust Company, N.a. now controls 587,190 shares valued at $9,442,000. The total value of its holdings decreased 6.5%. As of the end of the quarter Ubs Group Ag had sold 100 shares trimming its stake by 2.2%. The value of the investment in (CSWC) went from $76,000 to $71,000 a change of 6.6% since the last quarter.
Janney Capital began coverage of CSWC setting a rating of “Neutral”. On August 30, 2017 Baird starting coverage on the stock with an initial rating of “Outperform”.
The company is so far trading up from yesterday’s close of 17.63. Additionally the company announced a dividend for shareholders paid on Monday October 2nd, 2017. The dividend payment was $0.240 per share for the quarter or $0.96 annualized. This dividend represents a yield of $5.53 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 14th of September 2017.
Company shares are trading at $17.76 barely above $16.89, the stock’s 50 day moving average and which is just over the 200 day moving average of $16.41. The 50 day moving average went up by +5.15% and the 200 day average went up by +8.23%.
The P/E ratio is currently 10.78 and the market cap of the company is 284.27M. As of the latest earnings report the EPS was $1.65 and is estimated to be $1.05 for the current year with 16,006,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.26 and the next full year EPS is projected to be $1.27.
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..