AlphaCore Capital LLC Takes $621,000 Position in Capital Southwest Corporation (NASDAQ:CSWC)

Key Points

• AlphaCore Capital LLC has purchased 27,810 shares of Capital Southwest Corporation (NASDAQ:CSWC), valued at approximately $621,000, marking a new position for the institutional investor.
• Capital Southwest Corporation announced a monthly dividend of $0.1934, representing an annualized basis yield of 10.1%, with a payout ratio of 140.61%.
• Analysts have set a price objective of $25.00 for CSWC shares, reflecting positive sentiments with ratings of "outperform" from several financial institutions.

AlphaCore Capital LLC acquired a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,810 shares of the asset manager's stock, valued at approximately $621,000. AlphaCore Capital LLC owned about 0.05% of Capital Southwest at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Focus Partners Wealth grew its holdings in shares of Capital Southwest by 6.6% during the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock valued at $207,000 after buying an additional 585 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Capital Southwest by 35.6% during the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager's stock valued at $56,000 after buying an additional 669 shares during the last quarter. Quarry LP grew its holdings in shares of Capital Southwest by 52.5% during the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager's stock valued at $46,000 after buying an additional 732 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Capital Southwest by 4.0% during the first quarter. Apollon Wealth Management LLC now owns 21,498 shares of the asset manager's stock worth $480,000 after purchasing an additional 817 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Capital Southwest by 5.6% during the fourth quarter. Guggenheim Capital LLC now owns 23,612 shares of the asset manager's stock worth $515,000 after purchasing an additional 1,246 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Stock Performance

CSWC stock remained flat at $22.80 during mid-day trading on Wednesday. 426,411 shares of the company's stock traded hands, compared to its average volume of 569,441. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 13.81 and a beta of 0.98. 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 firm's 50 day moving average is $22.26 and its two-hundred day moving average is $21.73.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $54.36 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Equities analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.1934 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.2%. Capital Southwest's payout ratio is 140.61%.

Analyst Upgrades and Downgrades

CSWC has been the topic of several analyst reports. Raymond James Financial set a $25.00 price target on shares of Capital Southwest and gave the stock an "outperform" rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. UBS Group boosted their price target on shares of Capital Southwest from $21.00 to $22.50 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. JMP Securities upgraded shares of Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 price target on the stock in a report on Tuesday, June 24th. Finally, Citizens Jmp raised shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.30.

Capital Southwest 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.