525,697 Shares in Capital Southwest Corporation $CSWC Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 525,697 shares of Capital Southwest during the second quarter, worth approximately $12.5 million and representing 0.82% of the company. Institutional investors collectively own 23.42% of CSWC.
• Analysts remain broadly positive, with six Buy ratings and three Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $23.60, despite recent targets rising as high as $26.
• Capital Southwest reported quarterly EPS of $0.58, beating estimates by $0.02, and announced a monthly dividend of $0.1934 per share, implying a 9.1% annualized yield.

Empowered Funds LLC bought a new position in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 525,697 shares of the asset manager's stock, valued at approximately $12,496,000. Empowered Funds LLC owned about 0.82% of Capital Southwest as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Triumph Capital Management bought a new position in shares of Capital Southwest in the third quarter worth approximately $28,000. Allied Private Wealth LLC purchased a new position in Capital Southwest in the 2nd quarter worth approximately $37,000. Tower Research Capital LLC TRC increased its holdings in shares of Capital Southwest by 13,307.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager's stock worth $41,000 after buying an additional 1,863 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Capital Southwest in the 4th quarter worth $55,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Capital Southwest during the 1st quarter valued at $60,000. Institutional investors own 23.42% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSWC shares. B. Riley Financial lifted their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Citigroup restated a "market outperform" rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Capital Southwest in a research note on Thursday, June 18th. Finally, Citizens Jmp increased their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.60.

Capital Southwest Stock Up 0.3%

Shares of NASDAQ CSWC opened at $25.47 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a 52 week low of $19.37 and a 52 week high of $25.74. The firm's fifty day moving average is $24.16 and its 200 day moving average is $23.37. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 14.07 and a beta of 0.69.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $61.05 million during the quarter, compared to analysts' expectations of $61.22 million. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. During the same quarter in the prior year, the company posted $0.61 EPS. On average, equities research analysts expect that Capital Southwest Corporation will post 2.27 earnings per share for the current year.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.1934 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Tuesday, December 15th. Capital Southwest's dividend payout ratio is currently 128.18%.

Capital Southwest Company Profile

Capital Southwest NASDAQ: CSWC is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.

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