Steinberg Global Asset Management Purchases 1,200 Shares of Capital Southwest Corporation (CSWC)

Steinberg Global Asset Management raised its position in Capital Southwest Corporation (NASDAQ:CSWC) by 8.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,020 shares of the asset manager’s stock after buying an additional 1,200 shares during the period. Steinberg Global Asset Management owned approximately 0.10% of Capital Southwest Corporation worth $258,000 at the end of the most recent quarter.

Separately, Russell Investments Group Ltd. boosted its stake 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 during the last quarter. 61.77% of the stock is owned by institutional investors.

Capital Southwest Corporation (NASDAQ:CSWC) opened at 16.65 on Friday. Capital Southwest Corporation has a 1-year low of $13.81 and a 1-year high of $17.33. The company has a market capitalization of $266.50 million, a PE ratio of 10.10 and a beta of -0.49. The company has a 50 day moving average of $16.35 and a 200 day moving average of $16.23.

Capital Southwest Corporation (NASDAQ:CSWC) last posted its quarterly earnings results on Wednesday, May 31st. The asset manager reported $0.22 earnings per share for the quarter. The company had revenue of $7.73 million during the quarter. Capital Southwest Corporation had a return on equity of 4.34% and a net margin of 96.98%. On average, analysts predict that Capital Southwest Corporation will post $1.11 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on CSWC shares. National Securities initiated coverage on Capital Southwest Corporation in a research note on Tuesday, June 27th. They set a “buy” rating and a $22.00 target price for the company. National Bank Financial reaffirmed a “buy” rating and set a $22.00 price target on shares of Capital Southwest Corporation in a research note on Wednesday, June 28th. 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. Finally, ValuEngine cut shares of Capital Southwest Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Capital Southwest Corporation currently has an average rating of “Buy” and a consensus target price of $20.67.

In other Capital Southwest Corporation news, Director Thomas Duane Morgan purchased 3,100 shares of the stock in a transaction on Wednesday, June 7th. The shares were purchased at an average price of $16.26 per share, with a total value of $50,406.00. Following the acquisition, the director now directly owns 4,395 shares in the company, valued at approximately $71,462.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John H. Wilson purchased 5,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was acquired at an average cost of $16.30 per share, for a total transaction of $81,500.00. Following the acquisition, the director now owns 17,000 shares in the company, valued at $277,100. The disclosure for this purchase can be found here. Insiders have sold a total of 5,500 shares of company stock valued at $88,775 in the last quarter. 5.90% of the stock is owned by corporate insiders.

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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