Beacon Pointe Advisors LLC Invests $4.70 Million in Capital Southwest Corporation $CSWC

Key Points

• Beacon Pointe Advisors acquired 197,768 Capital Southwest shares worth approximately $4.7 million, giving it a 0.31% stake. Institutional investors collectively own 23.42% of the company.
• Analysts maintain a positive outlook, with six Buy ratings and three Holds; Capital Southwest has a “Moderate Buy” consensus and an average price target of $23.60, despite shares opening at $25.47.
• Capital Southwest exceeded quarterly earnings expectations with EPS of $0.58 versus the $0.56 consensus and announced a monthly dividend of $0.1934 per share, implying a 9.1% annualized yield.

Beacon Pointe Advisors LLC bought a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 197,768 shares of the asset manager's stock, valued at approximately $4,701,000. Beacon Pointe Advisors LLC owned 0.31% of Capital Southwest as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leonteq Securities AG lifted its holdings in Capital Southwest by 11.1% during the first quarter. Leonteq Securities AG now owns 7,000 shares of the asset manager's stock valued at $155,000 after purchasing an additional 700 shares in the last quarter. Dearborn Partners LLC boosted its holdings in Capital Southwest by 4.5% in the 4th quarter. Dearborn Partners LLC now owns 19,999 shares of the asset manager's stock worth $443,000 after buying an additional 864 shares during the last quarter. Vident Advisory LLC increased its stake in Capital Southwest by 6.1% during the 2nd quarter. Vident Advisory LLC now owns 19,087 shares of the asset manager's stock worth $421,000 after buying an additional 1,090 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Capital Southwest during the third quarter valued at approximately $28,000. Finally, Verition Fund Management LLC boosted its stake in shares of Capital Southwest by 4.6% in the third quarter. Verition Fund Management LLC now owns 32,962 shares of the asset manager's stock worth $721,000 after acquiring an additional 1,462 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSWC shares. B. Riley Financial increased their price objective on Capital Southwest from $24.50 to $25.50 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Citizens Jmp upped their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Capital Southwest in a research report on Thursday, June 18th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Capital Southwest in a 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's stock. According to data from MarketBeat.com, Capital Southwest currently has an average rating of "Moderate Buy" and a consensus price target of $23.60.

Capital Southwest Price Performance

NASDAQ:CSWC opened at $25.47 on Friday. Capital Southwest Corporation has a 52 week low of $19.37 and a 52 week high of $25.74. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.62 billion, a P/E ratio of 14.07 and a beta of 0.69. The stock's fifty day moving average is $24.16 and its two-hundred day moving average is $23.37.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 13.88% and a net margin of 46.68%.During the same period in the prior year, the business posted $0.61 EPS. Equities analysts expect that Capital Southwest Corporation will post 2.27 EPS for the current year.

Capital Southwest Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors 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 yield of 9.1%. The ex-dividend date is Tuesday, December 15th. Capital Southwest's dividend payout ratio (DPR) is 128.18%.

Capital Southwest 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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