Cubist Systematic Strategies LLC Invests $1.21 Million in Capital Southwest Corporation $CSWC

Cubist Systematic Strategies LLC acquired a new stake in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 54,015 shares of the asset manager's stock, valued at approximately $1,206,000. Cubist Systematic Strategies LLC owned 0.11% of Capital Southwest at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in Capital Southwest by 13.4% during the 1st quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager's stock worth $1,544,000 after purchasing an additional 8,188 shares in the last quarter. DRW Securities LLC acquired a new position in Capital Southwest during the 1st quarter worth $225,000. Vident Advisory LLC grew its stake in Capital Southwest by 72.7% during the 1st quarter. Vident Advisory LLC now owns 17,997 shares of the asset manager's stock worth $402,000 after purchasing an additional 7,576 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Capital Southwest during the 1st quarter worth about $360,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Capital Southwest during the 1st quarter worth about $2,054,000. 23.42% of the stock is owned by institutional investors and hedge funds.

Capital Southwest Stock Performance

Shares of Capital Southwest stock traded down $0.12 on Friday, hitting $22.80. The stock had a trading volume of 668,315 shares, compared to its average volume of 473,356. Capital Southwest Corporation has a 52-week low of $17.46 and a 52-week high of $25.90. 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 market cap of $1.27 billion, a price-to-earnings ratio of 13.82 and a beta of 0.96. The company's 50 day moving average price is $22.84 and its 200 day moving average price is $21.69.

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

Capital Southwest Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.1%. Capital Southwest's dividend payout ratio (DPR) is presently 140.61%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CSWC shares. Raymond James Financial upped their price objective on Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Citizens Jmp raised Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price objective for the company in a research report on Tuesday, June 24th. B. Riley upped their price objective on Capital Southwest from $23.50 to $24.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. UBS Group upped their price objective 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 raised Capital Southwest to an "outperform" rating in a research report on Tuesday, June 24th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.30.

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.