Moab Capital Partners Lowers stake in CSW Industrials Inc (CSWI)

CSW Industrials Inc (CSWI) : Moab Capital Partners reduced its stake in CSW Industrials Inc by 58.16% during the most recent quarter end. The investment management company now holds a total of 517,215 shares of CSW Industrials Inc which is valued at $17,740,475 after selling 718,853 shares in CSW Industrials Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.CSW Industrials Inc makes up approximately 5.74% of Moab Capital Partners’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in CSWI in the latest quarter, The investment management firm added 68,196 additional shares and now holds a total of 101,459 shares of CSW Industrials Inc which is valued at $3,414,095. CSW Industrials Inc makes up approx 0.01% of D. E. Shaw’s portfolio.Blackrock Fund Advisors boosted its stake in CSWI in the latest quarter, The investment management firm added 31,538 additional shares and now holds a total of 403,711 shares of CSW Industrials Inc which is valued at $12,050,773. Baldwin Brothers Incma added CSWI to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $119,400. CSW Industrials Inc makes up approx 0.02% of Baldwin Brothers Incma’s portfolio.

On the company’s financial health, CSW Industrials Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 11, 2016. Analyst had a consensus of $0.47. The company had revenue of $80.10 million for the quarter, compared to analysts expectations of $83.12 million. The company’s revenue was down -4.3 % compared to the same quarter last year.

CSW Industrials Inc. is an industrial growth company. The Company operates its business in three segments: Industrial Products; Coatings Sealants and Adhesives and Specialty Chemicals. The Company’s products include mechanical products for heating ventilation and air conditioning (HVAC) and refrigeration applications coatings and sealants and high performance specialty lubricants. The Company serves a range of markets including plumbing HVAC refrigeration electrical commercial construction rail car and locomotive oil and gas mining steel transportation and general industrial markets. The Company’s products are sold through service-intensive distribution and through a network of independent manufacturer representatives and agents calling on the Company’s wholesale distributors contractors and direct customers. The Company’s products are offered under the brands including Novent Goliath Railplex Paragon and Versatac.

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