Capital Southwest Corporation $CSWC Stock Holdings Raised by Melia Wealth LLC

Key Points

• Melia Wealth LLC raised its stake in Capital Southwest Corporation by 10.1% during the second quarter, now holding approximately 4.9% of its portfolio in the company, valued at $10.2 million.
• Capital Southwest's stock recently increased by 3.4%, with a current market capitalization of $1.12 billion and a price-to-earnings ratio of 12.21.
• The company announced a quarterly dividend of $0.06, with a payout ratio of 140.61%, which will be paid on December 31st.

Melia Wealth LLC increased its stake in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 464,973 shares of the asset manager's stock after purchasing an additional 42,665 shares during the period. Capital Southwest makes up approximately 4.9% of Melia Wealth LLC's portfolio, making the stock its 10th biggest holding. Melia Wealth LLC owned approximately 0.87% of Capital Southwest worth $10,248,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CSWC. Janney Montgomery Scott LLC bought a new position in shares of Capital Southwest in the first quarter worth approximately $259,000. Grimes & Company Inc. bought a new position in shares of Capital Southwest in the first quarter worth approximately $415,000. Cornerstone Wealth Management LLC increased its position in shares of Capital Southwest by 8.1% in the first quarter. Cornerstone Wealth Management LLC now owns 42,319 shares of the asset manager's stock worth $945,000 after purchasing an additional 3,153 shares during the last quarter. Autumn Glory Partners LLC increased its position in shares of Capital Southwest by 30.0% in the first quarter. Autumn Glory Partners LLC now owns 26,000 shares of the asset manager's stock worth $580,000 after purchasing an additional 6,000 shares during the last quarter. Finally, PFG Investments LLC bought a new position in shares of Capital Southwest in the first quarter worth approximately $207,000. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Stock Up 3.4%

Shares of Capital Southwest stock opened at $20.14 on Tuesday. 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 52-week low of $17.46 and a 52-week high of $25.90. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.21 and a beta of 0.95. The company's 50 day moving average price is $22.36 and its 200-day moving average price is $21.60.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The firm had revenue of $55.95 million for the quarter, compared to analysts' expectations of $54.36 million. During the same quarter last year, the business earned $0.69 earnings per share. 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 quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. Capital Southwest's dividend payout ratio (DPR) is currently 140.61%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CSWC. Citizens Jmp upgraded 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. Raymond James Financial cut shares of Capital Southwest from an "outperform" rating to a "market perform" rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Capital Southwest in a research report on Wednesday, October 8th. B. Riley increased their price target on shares of Capital Southwest from $23.50 to $24.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Citigroup upgraded shares of Capital Southwest to an "outperform" rating in a research report on Tuesday, June 24th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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