Cetera Investment Advisers Buys 18,420 Shares of Capital Southwest Corporation (NASDAQ:CSWC)

Key Points

• Cetera Investment Advisers has increased its stake in Capital Southwest Corporation by 34.4%, acquiring an additional 18,420 shares, bringing its total holdings to 71,944 shares valued at approximately $1.6 million.
• Capital Southwest announced a monthly dividend of $0.1934, representing an annual yield of 10.1%, with the ex-dividend date set for September 15th.
• Analysts have updated their price targets for Capital Southwest, with expectations ranging from $22.50 to $25.00, reflecting a consensus average target of $24.30.

Cetera Investment Advisers boosted its stake in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 34.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,944 shares of the asset manager's stock after buying an additional 18,420 shares during the quarter. Cetera Investment Advisers owned 0.14% of Capital Southwest worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in Capital Southwest by 30.4% during 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 during the period. Janney Montgomery Scott LLC acquired a new position in Capital Southwest in the 1st quarter worth $259,000. Bank of America Corp DE boosted its holdings in Capital Southwest by 135.3% in 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. grew its stake in Capital Southwest by 28.7% during the 1st 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 in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Capital Southwest during the 4th quarter worth approximately $475,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSWC. B. Riley increased their price target on Capital Southwest from $23.50 to $24.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Citizens Jmp upgraded shares of 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. Wall Street Zen upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. JMP Securities raised Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 price objective for the company in a report on Tuesday, June 24th. Finally, Raymond James Financial set a $25.00 price target on Capital Southwest and gave the company an "outperform" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Capital Southwest currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.30.

Capital Southwest Price Performance

Shares of CSWC remained flat at $22.98 during mid-day trading on Thursday. 243,381 shares of the stock traded hands, compared to its average volume of 569,252. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. The company has a fifty day moving average of $22.30 and a 200-day moving average of $21.74. Capital Southwest Corporation has a 12 month low of $17.46 and a 12 month high of $25.90. The company has a market cap of $1.28 billion, a PE ratio of 13.91 and a beta of 0.98.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly 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 analyst estimates of $54.36 million. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.1934 per share. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Monday, September 15th. Capital Southwest's dividend payout ratio (DPR) is currently 140.61%.

Capital Southwest 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.