Lansforsakringar Fondforvaltning AB publ Invests $360,000 in Capital Southwest Corporation $CSWC

Key Points

• Lansforsakringar Fondforvaltning AB publ has acquired a new stake in Capital Southwest Corporation, purchasing 16,133 shares valued at approximately $360,000.
• Capital Southwest reported $0.59 earnings per share for the last quarter, matching analysts' expectations, and recently declared a monthly dividend with an annualized yield of 10.1%.
• Several brokerages, including Citigroup and Raymond James, have upgraded their ratings on Capital Southwest, with price targets now set between $22.50 and $25.00.

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,133 shares of the asset manager's stock, valued at approximately $360,000.

A number of other large investors have also recently bought and sold shares of CSWC. Ameriflex Group Inc. bought a new position in Capital Southwest in the fourth quarter worth about $33,000. Garde Capital Inc. bought a new position in Capital Southwest in the first quarter worth about $54,000. Focus Partners Wealth lifted its holdings in Capital Southwest by 6.6% in the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock worth $207,000 after acquiring an additional 585 shares during the last quarter. PFG Investments LLC bought a new position in Capital Southwest in the first quarter worth about $207,000. Finally, Janney Montgomery Scott LLC bought a new position in Capital Southwest in the first quarter worth about $259,000. Institutional investors own 23.42% of the company's stock.

Capital Southwest Price Performance

Shares of NASDAQ CSWC traded up $0.16 during mid-day trading on Thursday, reaching $23.00. 429,787 shares of the company traded hands, compared to its average volume of 566,763. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $25.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $1.28 billion, a PE ratio of 13.94 and a beta of 0.96. The stock has a fifty day simple moving average of $22.75 and a 200-day simple moving average of $21.73.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The business had revenue of $55.95 million for the quarter, compared to analyst estimates of $54.36 million. During the same quarter last year, the business earned $0.69 earnings per share. Equities research analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a dividend of $0.1934 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Tuesday, July 15th. Capital Southwest's dividend payout ratio (DPR) is currently 140.61%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CSWC shares. JMP Securities raised shares of Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 target price on the stock in a report on Tuesday, June 24th. B. Riley raised their target price on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Citizens Jmp upgraded shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a research note on Tuesday, June 24th. Citigroup upgraded shares of Capital Southwest to an "outperform" rating in a research note on Tuesday, June 24th. Finally, UBS Group raised their price target on shares of Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.30.

About Capital Southwest

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.