Capital Southwest Corporation (CSWC) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. grew its position in Capital Southwest Corporation (NASDAQ:CSWC) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the asset manager’s stock after buying an additional 2,200 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Capital Southwest Corporation worth $362,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Steinberg Global Asset Management grew its holdings in shares of Capital Southwest Corporation by 8.1% in the 2nd quarter. Steinberg Global Asset Management now owns 16,020 shares of the asset manager’s stock valued at $258,000 after buying an additional 1,200 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Capital Southwest Corporation by 27.5% in the 2nd quarter. Wedbush Securities Inc. now owns 21,804 shares of the asset manager’s stock valued at $351,000 after buying an additional 4,700 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Capital Southwest Corporation in the 2nd quarter valued at $179,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Capital Southwest Corporation by 1.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 114,753 shares of the asset manager’s stock valued at $1,846,000 after buying an additional 1,937 shares during the period. 62.07% of the stock is owned by institutional investors.

CSWC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Capital Southwest Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday. Janney Montgomery Scott initiated coverage on shares of Capital Southwest Corporation in a report on Friday, June 30th. They issued a “neutral” rating and a $18.00 price target for the company. ValuEngine lowered shares of Capital Southwest Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Robert W. Baird initiated coverage on shares of Capital Southwest Corporation in a report on Wednesday, August 30th. They issued an “outperform” rating and a $19.00 price target for the company. Finally, BidaskClub raised shares of Capital Southwest Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Capital Southwest Corporation currently has a consensus rating of “Buy” and a consensus price target of $20.25.

In related news, major shareholder Moab Capital Partners Llc sold 53,270 shares of Capital Southwest Corporation stock in a transaction on Monday, August 28th. The shares were sold at an average price of $17.30, for a total transaction of $921,571.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 54,770 shares of company stock valued at $945,931 in the last three months. 5.90% of the stock is owned by insiders.

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Capital Southwest Corporation (CSWC) opened at 17.63 on Thursday. The stock has a 50 day moving average of $16.89 and a 200 day moving average of $16.41. The firm has a market cap of $282.19 million, a price-to-earnings ratio of 10.70 and a beta of -0.51. Capital Southwest Corporation has a one year low of $13.81 and a one year high of $17.65.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, September 14th. This is an increase from Capital Southwest Corporation’s previous quarterly dividend of $0.21. Capital Southwest Corporation’s dividend payout ratio (DPR) is currently 58.54%.

Capital Southwest Corporation Company Profile

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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Institutional Ownership by Quarter for Capital Southwest Corporation (NASDAQ:CSWC)

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