KSW : Moab Capital Partners Raises KSW Stake To 9.8% >KSW
Last update: 11/23/2007 7:12:07 AM
DOW JONES NEWSWIRES Moab Capital Partners LLC on Friday reported increasing its stake in KSW Inc. (KSW) to 9.8% from 7.5%, according to a filing with the Securities and Exchange Commission. Moab Capital believes the company's shares are significantly undervalued, and said it believes the company is well capitalized and poised to expand its business within the New York City metropolitan market and beyond. According to the SEC filing, Moab Capital beneficially owns 608,965 shares of KSW, a New York-based provider of heating, ventilating and air-conditioning systems. Moab Capital reported in late October beneficially owning 463,735 KSW shares. Shares of KSW closed Wednesday at $6.73. -Jared A. Favole, Dow Jones Newswires; 202-862-9207; jared.favole@dowjones.com (END) Dow Jones NewswiresNovember 23, 2007 07:12 ET (12:12 GMT)
