Northeast Financial Consultants Inc Purchases New Holdings in Capital Southwest Corporation $CSWC

Key Points

• Northeast Financial Consultants Inc. has acquired 21,867 shares of Capital Southwest Corporation, valued at approximately $488,000, marking a new position for the institutional investor in the company.
• Capital Southwest recently reported earnings of $0.59 per share, meeting consensus estimates, and had a revenue of $55.95 million for the quarter, surpassing expectations.
• The firm declared a monthly dividend of $0.1934 per share, representing an annualized yield of 10.1%, despite having a high payout ratio of 140.61%.

Northeast Financial Consultants Inc purchased a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,867 shares of the asset manager's stock, valued at approximately $488,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in Capital Southwest during the fourth quarter worth about $33,000. Garde Capital Inc. acquired a new stake in Capital Southwest during the first quarter worth about $54,000. Focus Partners Wealth increased its stake in Capital Southwest by 6.6% during 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 acquired a new stake in Capital Southwest during the first quarter worth about $207,000. Finally, DRW Securities LLC acquired a new stake in Capital Southwest during the first quarter worth about $225,000. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Raymond James Financial upped their price target on Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. UBS Group increased their target price on Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Citizens Jmp upgraded Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 target price for the company in a research note on Tuesday, June 24th. JMP Securities upgraded Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 target price for the company in a research note on Tuesday, June 24th. Finally, Citigroup upgraded Capital Southwest to an "outperform" rating in a research note on Tuesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.30.

Capital Southwest Stock Down 0.5%

Shares of CSWC stock traded down $0.12 during trading hours on Friday, reaching $22.80. The company had a trading volume of 668,315 shares, compared to its average volume of 477,470. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.19 and a current ratio of 0.19. Capital Southwest Corporation has a twelve month low of $17.46 and a twelve month high of $25.90. The company has a market capitalization of $1.27 billion, a P/E ratio of 13.82 and a beta of 0.96. The stock's fifty day simple moving average is $22.84 and its 200 day simple moving average is $21.68.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. The firm had revenue of $55.95 million during the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, sell-side analysts expect that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%. Capital Southwest's dividend payout ratio is currently 140.61%.

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.