BlackRock Inc. Takes Position in Capital Southwest Corporation $CSWC

Key Points

• BlackRock acquired 300,377 shares of Capital Southwest in the second quarter, worth approximately $7.14 million and representing about 0.47% of the company. Institutional investors collectively own 23.42% of CSWC.
• Analysts remain generally positive, with six Buy ratings and three Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $23.60.
• Capital Southwest reported quarterly EPS of $0.58, beating estimates of $0.56, and declared a monthly dividend of $0.1934 per share, equivalent to an approximately 9.4% annualized yield.

BlackRock Inc. purchased a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 300,377 shares of the asset manager's stock, valued at approximately $7,140,000. BlackRock Inc. owned about 0.47% of Capital Southwest as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CSWC. Triumph Capital Management acquired a new position in shares of Capital Southwest during the third quarter valued at $28,000. Allied Private Wealth LLC purchased a new position in Capital Southwest during the 2nd quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in 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 purchasing an additional 1,863 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Capital Southwest during the 4th quarter valued at $55,000. Finally, CENTRAL TRUST Co acquired a new position in Capital Southwest in the 1st quarter valued at $60,000. 23.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSWC. B. Riley Financial lifted their target price on shares of Capital Southwest from $24.50 to $25.50 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Citigroup reissued a "market outperform" rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Citizens Jmp lifted their price objective on Capital Southwest from $25.00 to $26.00 and gave the company a "market outperform" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Capital Southwest in a research note on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

Capital Southwest Stock Performance

Shares of CSWC opened at $24.58 on Friday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 13.58 and a beta of 0.70. The firm has a fifty day simple moving average of $24.33 and a 200 day simple moving average of $23.43. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a 12 month low of $19.37 and a 12 month high of $25.75.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The firm had revenue of $61.05 million for the quarter, compared to analyst estimates of $61.22 million. During the same quarter in the previous year, the firm earned $0.61 EPS. Research analysts forecast that Capital Southwest Corporation will post 2.27 EPS for the current fiscal year.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a $0.1934 dividend. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, December 15th. Capital Southwest's dividend payout ratio is currently 128.18%.

About Capital Southwest

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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