21,867 Shares in Capital Southwest Corporation $CSWC Purchased by Northeast Financial Consultants Inc

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 acquired a new position in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,867 shares of the asset manager's stock, valued at approximately $488,000.

A number of other hedge funds also recently added to or reduced their stakes in CSWC. Sanders Morris Harris LLC lifted its stake in Capital Southwest by 75.9% in the first quarter. Sanders Morris Harris LLC now owns 1,433,064 shares of the asset manager's stock worth $31,986,000 after acquiring an additional 618,480 shares during the period. Epiq Partners LLC purchased a new stake in shares of Capital Southwest during the first quarter valued at about $5,701,000. Two Sigma Investments LP lifted its position in shares of Capital Southwest by 42.2% during the fourth quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager's stock valued at $14,702,000 after buying an additional 200,060 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Capital Southwest by 246.5% during the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager's stock valued at $5,751,000 after buying an additional 183,313 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Capital Southwest by 17.3% during the fourth quarter. Two Sigma Advisers LP now owns 774,600 shares of the asset manager's stock valued at $16,902,000 after buying an additional 114,000 shares during the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Stock Performance

Shares of Capital Southwest stock opened at $22.99 on Tuesday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 13.93 and a beta of 0.96. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $22.81 and a 200 day moving average price of $21.69. Capital Southwest Corporation has a 52 week low of $17.46 and a 52 week high of $25.90.

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

Capital Southwest Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented 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 price target for the company in a research report on Tuesday, June 24th. Citizens Jmp raised shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target for the company in a research report on Tuesday, June 24th. B. Riley increased their price target on shares of Capital Southwest from $23.50 to $24.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Raymond James Financial increased their price objective on shares of Capital Southwest from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, UBS Group increased their price objective on shares of Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.30.

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.

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