Columbus Macro LLC Takes $6.41 Million Position in Capital Southwest Corporation $CSWC

Key Points

• Columbus Macro LLC acquired a new stake in Capital Southwest Corporation amounting to approximately $6.41 million, representing about 0.54% of the company.
• Recent analyst reports set a consensus price target of $24.30 for Capital Southwest shares, with multiple analysts adjusting their ratings and targets following the company's quarterly earnings performance.
• Capital Southwest announced a quarterly dividend of $0.06 per share, reflecting an annualized rate of $0.24 and a yield of 1.2%, with a payout ratio of 140.61%.

Columbus Macro LLC acquired a new stake in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 290,704 shares of the asset manager's stock, valued at approximately $6,407,000. Columbus Macro LLC owned about 0.54% of Capital Southwest at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC purchased a new stake in shares of Capital Southwest in the 2nd quarter valued at $31,000. Garde Capital Inc. purchased a new stake in shares of Capital Southwest in the 1st quarter valued at $54,000. Signaturefd LLC boosted its holdings in shares of Capital Southwest by 52.0% in the 2nd quarter. Signaturefd LLC now owns 2,483 shares of the asset manager's stock valued at $55,000 after acquiring an additional 849 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Capital Southwest by 786.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,698 shares of the asset manager's stock valued at $82,000 after acquiring an additional 3,281 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Capital Southwest in the 1st quarter valued at $207,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSWC has been the topic of a number of recent analyst reports. JMP Securities raised shares of Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 price target on the stock in a report on Tuesday, June 24th. B. Riley increased their price target on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Raymond James Financial downgraded shares of Capital Southwest from an "outperform" rating to a "market perform" rating in a report on Tuesday. UBS Group increased their price target on shares of Capital Southwest from $21.00 to $22.50 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, Citizens Jmp raised shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a report on Tuesday, June 24th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.30.

Capital Southwest Stock Performance

CSWC opened at $20.65 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 12.52 and a beta of 0.95. Capital Southwest Corporation has a 52-week low of $17.46 and a 52-week high of $25.90. The firm's fifty day simple moving average is $22.53 and its two-hundred day simple moving average is $21.67.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $55.95 million for the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. During the same period last year, the firm posted $0.69 earnings per share. Equities analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Dividend Announcement

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 given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, December 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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