CreativeOne Wealth LLC Invests $2.05 Million in Capital Southwest Corporation $CSWC

Key Points

• CreativeOne Wealth LLC acquired 92,019 shares of Capital Southwest Corporation, valued at approximately $2.05 million, reflecting a growing interest among institutional investors in the company.
• Shares of Capital Southwest have been upgraded by several analysts, with a consensus price target now set at $24.30 following recent evaluations from firms like JMP Securities and Raymond James Financial.
• The company declared a quarterly dividend of $0.06 per share, with an upcoming payment date on December 31st, indicating a commitment to returning value to shareholders despite a high dividend payout ratio.

CreativeOne Wealth LLC bought a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 92,019 shares of the asset manager's stock, valued at approximately $2,054,000. CreativeOne Wealth LLC owned approximately 0.18% of Capital Southwest at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CSWC. Ameriflex Group Inc. purchased a new position in shares of Capital Southwest during the 4th quarter worth approximately $33,000. Quarry LP increased its stake in Capital Southwest by 52.5% in the 4th quarter. Quarry LP now owns 2,126 shares of the asset manager's stock valued at $46,000 after purchasing an additional 732 shares in the last quarter. Garde Capital Inc. purchased a new position in Capital Southwest in the 1st quarter valued at approximately $54,000. Focus Partners Wealth increased its stake in Capital Southwest by 6.6% in the 4th quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock valued at $207,000 after purchasing an additional 585 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in Capital Southwest in the 1st quarter valued at approximately $207,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Price Performance

Capital Southwest stock traded up $0.04 during mid-day trading on Wednesday, hitting $22.84. 162,183 shares of the company were exchanged, compared to its average volume of 565,536. 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 business's 50 day simple moving average is $22.72 and its two-hundred day simple moving average is $21.72. The company has a market capitalization of $1.27 billion, a P/E ratio of 13.86 and a beta of 0.96. Capital Southwest Corporation has a 12-month low of $17.46 and a 12-month high of $25.90.

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

Capital Southwest Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.1934 per share. The ex-dividend date was Tuesday, July 15th. This represents a c) annualized dividend and a dividend yield of 10.2%. Capital Southwest's dividend payout ratio (DPR) is 140.61%.

Analysts Set New Price Targets

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