Capital Southwest Co. (NASDAQ:CSWC) Director Joseph B. Armes sold 5,200 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $16.50, for a total value of $85,800.00. Following the completion of the transaction, the director now directly owns 39,300 shares of the company’s stock, valued at $648,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Capital Southwest Co. (NASDAQ:CSWC) traded up 0.76% during trading on Wednesday, reaching $15.95. The company had a trading volume of 2,519 shares. Capital Southwest Co. has a 52-week low of $13.49 and a 52-week high of $16.86. The firm has a 50-day moving average price of $16.32 and a 200-day moving average price of $15.40. The company has a market capitalization of $254.66 million, a P/E ratio of 12.56 and a beta of -0.43.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 13th. This is an increase from Capital Southwest’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.80%. Capital Southwest’s dividend payout ratio is 53.97%.
About Capital Southwest
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.