Capital Southwest Co. to Issue Jul 25 Dividend of $0.19 (NASDAQ:CSWC)

Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) declared a jul 25 dividend on Wednesday, June 11th, RTT News reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.1934 per share by the asset manager on Thursday, July 31st.

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 decline. Equities 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 Up 0.8%

NASDAQ:CSWC traded up $0.18 during trading hours on Thursday, reaching $21.40. The company had a trading volume of 387,199 shares, compared to its average volume of 440,686. Capital Southwest has a twelve month low of $17.46 and a twelve month high of $27.23. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 15.18 and a beta of 0.94. The business's 50-day simple moving average is $20.25 and its two-hundred day simple moving average is $21.69.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released 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 return on equity of 15.18% and a net margin of 33.49%. The company had revenue of $52.34 million for the quarter, compared to the consensus estimate of $52.83 million. During the same period last year, the company earned $0.68 EPS. On average, equities analysts expect that Capital Southwest will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Capital Southwest

Several institutional investors have recently bought and sold shares of CSWC. Caxton Associates LLP bought a new position in Capital Southwest during the 1st quarter valued at $318,000. Royal Bank of Canada boosted its holdings in Capital Southwest by 13.4% during the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager's stock worth $1,544,000 after purchasing an additional 8,188 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Capital Southwest by 246.5% during 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 during the last quarter. Institutional investors own 23.42% of the company's stock.

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.