Capital Southwest Corporation $CSWC Shares Acquired by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. has increased its stake in Capital Southwest Corporation (NASDAQ:CSWC) by 2.1%, now holding 686,513 shares, which equates to about $15.3 million.
• Analysts have positively revised their ratings and target prices for Capital Southwest, with five analysts rating the stock as a Buy and a consensus price target of $24.30.
• The company recently reported earnings of $0.59 per share for the last quarter, meeting expectations, while announcing a monthly dividend with a yield of 10.1%.

Punch & Associates Investment Management Inc. increased its position in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 686,513 shares of the asset manager's stock after purchasing an additional 14,146 shares during the period. Capital Southwest accounts for about 1.0% of Punch & Associates Investment Management Inc.'s investment portfolio, making the stock its 27th biggest holding. Punch & Associates Investment Management Inc. owned about 1.36% of Capital Southwest worth $15,323,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Capital Southwest by 30.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 134,178 shares of the asset manager's stock worth $2,995,000 after purchasing an additional 31,299 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Capital Southwest during the first quarter valued at $259,000. Bank of America Corp DE increased its stake in Capital Southwest by 135.3% during the fourth quarter. Bank of America Corp DE now owns 17,710 shares of the asset manager's stock valued at $386,000 after purchasing an additional 10,182 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Capital Southwest by 28.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the asset manager's stock valued at $313,000 after purchasing an additional 3,118 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Capital Southwest during the fourth quarter valued at $475,000. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on CSWC shares. Raymond James Financial boosted their target price on shares of 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 lifted their target price 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 upgraded Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 target price for the company in a research note on Tuesday, June 24th. Citizens Jmp upgraded Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 target price for the company in a research note on Tuesday, June 24th. Finally, Citigroup upgraded Capital Southwest to an "outperform" rating in a research note on Tuesday, June 24th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.30.

Capital Southwest Stock Performance

Shares of NASDAQ CSWC opened at $22.96 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $22.80 and a 200-day simple moving average of $21.72. The company has a market cap of $1.28 billion, a PE ratio of 13.92 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 issued 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. The business had revenue of $55.95 million during the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.During the same period in the previous year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a $0.1934 dividend. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Tuesday, July 15th. Capital Southwest's dividend payout ratio is 140.61%.

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.

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