September looms as a risk month for stocks, Yardeni says
In a recent transaction, Ramona Lynn Rogers-Windsor, a director at Capital Southwest Corp (NASDAQ:CSWC), purchased 450 shares of the company’s common stock. The shares were acquired at an average price of $22.52 each, amounting to a total investment of approximately $10,133. Following this transaction, Rogers-Windsor holds a total of 17,237 shares directly. This move reflects continued confidence in the company’s prospects from its board members, particularly noteworthy given the company’s 43-year track record of maintaining dividend payments. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Capital Southwest Corporation has announced significant leadership changes, with Michael Sarner appointed as the new President and CEO, succeeding Bowen Diehl. Alongside Sarner, Chris Rehberger has been promoted to Chief Financial Officer, Treasurer & Secretary, and Tabitha Geiger has advanced to Chief Compliance Officer. These leadership transitions are expected to continue the company’s strategic focus, with Sarner’s extensive experience in financial roles being a key asset. Meanwhile, JMP Securities has maintained a Market Perform rating on Capital Southwest, noting the company’s solid fundamentals and strong position in the lower middle markets. The firm anticipates growth in the company’s investment portfolio, driven by an increase in originations. Raymond (NSE:RYMD) James has adjusted its price target for Capital Southwest from $26.00 to $24.00 while maintaining an Outperform rating, citing the company’s better-than-expected third fiscal quarter results. The results were attributed to increased fee income and net portfolio growth, leading to optimism about the company’s future performance. Raymond James also highlighted Capital Southwest’s lower leverage relative to the industry, which could result in higher-than-average returns on equity.
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