Denali Advisors LLC Acquires 11,908 Shares of Capital Southwest Corporation (NASDAQ:CSWC)

Denali Advisors LLC boosted its stake in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 11.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,404 shares of the asset manager's stock after acquiring an additional 11,908 shares during the quarter. Denali Advisors LLC owned about 0.23% of Capital Southwest worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Balyasny Asset Management L.P. purchased a new position in Capital Southwest in the 4th quarter valued at approximately $21,846,000. Sanders Morris Harris LLC increased its stake in Capital Southwest by 75.9% in the 1st quarter. Sanders Morris Harris LLC now owns 1,433,064 shares of the asset manager's stock valued at $31,986,000 after purchasing an additional 618,480 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Capital Southwest by 1,481.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 490,291 shares of the asset manager's stock valued at $10,698,000 after purchasing an additional 459,291 shares in the last quarter. Epiq Partners LLC purchased a new position in Capital Southwest in the 1st quarter valued at approximately $5,701,000. Finally, Two Sigma Investments LP increased its stake in Capital Southwest by 42.2% in the 4th quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager's stock valued at $14,702,000 after purchasing an additional 200,060 shares in the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have 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 objective on the stock in a report on Tuesday, June 24th. Raymond James Financial reduced their target price on Capital Southwest from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. B. Riley upgraded Capital Southwest to a "strong-buy" rating in a report on Monday, June 16th. UBS Group lifted their target price on Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Citigroup upgraded Capital Southwest to an "outperform" rating in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Capital Southwest currently has an average rating of "Moderate Buy" and an average target price of $24.00.

Capital Southwest Price Performance

Shares of NASDAQ:CSWC traded up $0.08 on Tuesday, reaching $23.10. 406,223 shares of the company traded hands, compared to its average volume of 482,209. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $26.07. The company's 50 day moving average is $21.63 and its 200-day moving average is $21.66. The stock has a market capitalization of $1.24 billion, a PE ratio of 15.61 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.18 and a quick ratio of 0.18.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its earnings results on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.08). The business had revenue of $52.34 million during the quarter, compared to analysts' expectations of $52.83 million. Capital Southwest had a net margin of 34.51% and a return on equity of 14.40%. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.1934 dividend. This represents a $2.32 annualized dividend and a dividend yield of 10.05%. The ex-dividend date of this dividend is Monday, September 15th. Capital Southwest's payout ratio is presently 156.76%.

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.