Capital Southwest Co. (NASDAQ:CSWC) Plans $0.19 Monthly Dividend

Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) announced a monthly dividend on Thursday, June 12th, Wall Street Journal reports. Investors of record on Monday, September 15th will be given a dividend of 0.1934 per share by the asset manager on Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 11.18%. The ex-dividend date of this dividend is Monday, September 15th.

Capital Southwest has a dividend payout ratio of 99.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Research analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Stock Down 0.6%

CSWC traded down $0.13 during mid-day trading on Friday, reaching $20.75. 376,544 shares of the stock were exchanged, compared to its average volume of 443,752. The stock has a market capitalization of $1.11 billion, a PE ratio of 14.72 and a beta of 0.94. Capital Southwest has a 1 year low of $17.46 and a 1 year high of $27.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.18 and a current ratio of 0.18. The company has a 50 day moving average price of $20.30 and a two-hundred day moving average price of $21.67.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.08). Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. The firm had revenue of $52.34 million during the quarter, compared to the consensus estimate of $52.83 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. As a group, research analysts anticipate that Capital Southwest will post 2.54 EPS for the current year.

Hedge Funds Weigh In On Capital Southwest

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Capital Southwest by 13.4% during the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager's stock valued at $1,544,000 after acquiring an additional 8,188 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Capital Southwest during the first quarter valued at approximately $318,000. Finally, Goldman Sachs Group Inc. raised its holdings in Capital Southwest by 246.5% in the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager's stock worth $5,751,000 after purchasing an additional 183,313 shares in the last quarter. Institutional investors own 23.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Capital Southwest from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Raymond James cut their target price on Capital Southwest from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, UBS Group lowered their price objective on Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research report on Thursday, April 17th.

Capital Southwest Company Profile

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.