Bard Associates Inc. acquired a new stake in Capital Southwest Corporation (NASDAQ:CSWC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,325 shares of the asset manager’s stock, valued at approximately $263,000. Bard Associates Inc. owned approximately 0.10% of Capital Southwest Corporation at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Capital Southwest Corporation in the second quarter valued at $179,000. JPMorgan Chase & Co. grew its stake in shares of Capital Southwest Corporation by 8.3% in the second quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock valued at $253,000 after buying an additional 1,207 shares in the last quarter. Steinberg Global Asset Management grew its stake in shares of 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 valued at $258,000 after buying an additional 1,200 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Capital Southwest Corporation by 27.5% in the second 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 in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Capital Southwest Corporation by 10.8% in the second quarter. Prudential Financial Inc. now owns 22,500 shares of the asset manager’s stock valued at $362,000 after buying an additional 2,200 shares in the last quarter. 62.07% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. National Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Capital Southwest Corporation in a research note on Friday, August 11th. Robert W. Baird assumed coverage on Capital Southwest Corporation in a research note on Wednesday, August 30th. They issued an “outperform” rating and a $19.00 price objective for the company. National Bank Financial reissued a “buy” rating and set a $22.00 target price on shares of Capital Southwest Corporation in a research note on Wednesday, June 28th. ValuEngine cut Capital Southwest Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Janney Montgomery Scott began coverage on Capital Southwest Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $18.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.25.

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In related news, 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 value of $921,571.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John H. Wilson purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was bought at an average price of $16.30 per share, with a total value of $81,500.00. Following the completion of the acquisition, the director now owns 17,000 shares in the company, valued at approximately $277,100. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 56,770 shares of company stock valued at $978,281. 5.90% of the stock is owned by insiders.

Capital Southwest Corporation (NASDAQ CSWC) opened at 16.70 on Wednesday. The firm has a market capitalization of $267.30 million, a PE ratio of 10.13 and a beta of -0.49. The company’s 50-day moving average price is $16.61 and its 200 day moving average price is $16.29. Capital Southwest Corporation has a 1-year low of $13.81 and a 1-year high of $17.50.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.24 dividend. This is an increase from Capital Southwest Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Thursday, September 14th. Capital Southwest Corporation’s dividend payout ratio is currently 51.22%.

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.

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

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