Janney Montgomery Scott LLC Makes New $259,000 Investment in Capital Southwest Corporation (NASDAQ:CSWC)

Janney Montgomery Scott LLC bought a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,603 shares of the asset manager's stock, valued at approximately $259,000.

A number of other hedge funds also recently bought and sold shares of CSWC. Oppenheimer & Co. Inc. purchased a new stake in Capital Southwest during the fourth quarter worth $326,000. Raymond James Financial Inc. purchased a new stake in shares of Capital Southwest during the 4th quarter valued at $4,250,000. Rialto Wealth Management LLC purchased a new stake in shares of Capital Southwest during the 4th quarter valued at $105,000. Naviter Wealth LLC purchased a new stake in shares of Capital Southwest during the 4th quarter valued at $1,823,000. Finally, Corient Private Wealth LLC lifted its holdings in shares of Capital Southwest by 49.6% during the 4th quarter. Corient Private Wealth LLC now owns 16,581 shares of the asset manager's stock valued at $362,000 after purchasing an additional 5,494 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company's stock.

Analyst Upgrades and Downgrades

Several 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. Wall Street Zen upgraded Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. B. Riley upgraded Capital Southwest to a "strong-buy" rating in a report on Monday, June 16th. Citigroup upgraded Capital Southwest to an "outperform" rating in a report on Tuesday, June 24th. Finally, Citizens Jmp upgraded Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price objective for the company in a report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.60.

Capital Southwest Stock Performance

Shares of NASDAQ CSWC traded up $0.01 during mid-day trading on Wednesday, hitting $22.75. The stock had a trading volume of 486,953 shares, compared to its average volume of 469,357. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.18 and a current ratio of 0.18. The company has a 50 day moving average of $21.16 and a two-hundred day moving average of $21.58. Capital Southwest Corporation has a twelve month low of $17.46 and a twelve month high of $27.23. The firm has a market cap of $1.22 billion, a PE ratio of 15.37 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its earnings results on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.08). Capital Southwest had a net margin of 34.51% and a return on equity of 14.40%. The firm had revenue of $52.34 million during the quarter, compared to analyst estimates of $52.83 million. During the same period in the previous year, the company earned $0.68 earnings per share. Research analysts predict that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.1934 per share. This represents a $2.32 annualized dividend and a yield of 10.20%. The ex-dividend date is Monday, September 15th. Capital Southwest's dividend payout ratio is currently 156.76%.

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.