Goldman Sachs Group Inc. Raises Stake in Capital Southwest Corporation $CSWC

Key Points

• Goldman Sachs Group Inc. increased its holdings in Capital Southwest Corporation by 246.5%, owning 257,672 shares valued at approximately $5.75 million as of its latest SEC filing.
• Capital Southwest announced a quarterly dividend of $0.06 per share, with an annualized yield of 1.1%, scheduled for payment on December 31st.
• The company's stock experienced a 1.9% decline, trading at $22.36, with a market capitalization of $1.24 billion and a price-to-earnings ratio of 13.55.

Goldman Sachs Group Inc. boosted its holdings in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 246.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,672 shares of the asset manager's stock after purchasing an additional 183,313 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.48% of Capital Southwest worth $5,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in shares of Capital Southwest during the 4th quarter valued at approximately $33,000. Garde Capital Inc. bought a new stake in Capital Southwest in the first quarter worth $54,000. PFG Investments LLC bought a new stake in Capital Southwest in the first quarter worth $207,000. Focus Partners Wealth lifted its position in Capital Southwest by 6.6% in the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock worth $207,000 after buying an additional 585 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in Capital Southwest in the first quarter worth $225,000. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Stock Performance

NASDAQ:CSWC traded up $0.16 during trading hours on Friday, reaching $23.11. The company had a trading volume of 634,059 shares, compared to its average volume of 495,633. Capital Southwest Corporation has a 1-year low of $17.46 and a 1-year high of $25.90. The firm has a market cap of $1.29 billion, a PE ratio of 14.01 and a beta of 0.96. The business's 50 day moving average price is $22.82 and its 200-day moving average price is $21.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The asset manager reported $0.59 earnings per share 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 prior year, the company posted $0.69 EPS. Research analysts forecast that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, December 15th. Capital Southwest's dividend payout ratio is presently 140.61%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JMP Securities upgraded Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 price target for the company in a research report on Tuesday, June 24th. Citizens Jmp upgraded Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target for the company in a research report on Tuesday, June 24th. Raymond James Financial lifted their target price on Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. UBS Group lifted their target price on Capital Southwest from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Citigroup upgraded Capital Southwest to an "outperform" rating in a research report on Tuesday, June 24th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Capital Southwest presently has a consensus rating of "Moderate Buy" and an average price target 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.