18,599 Shares in Capital Southwest Corporation (NASDAQ:CSWC) Purchased by Grimes & Company Inc.

Grimes & Company Inc. purchased a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,599 shares of the asset manager's stock, valued at approximately $415,000.

A number of other institutional investors have also recently added to or reduced their stakes in CSWC. Promus Capital LLC purchased a new stake in Capital Southwest during the fourth quarter valued at about $30,000. Ameriflex Group Inc. purchased a new stake in Capital Southwest during the fourth quarter valued at about $33,000. Quarry LP grew its position in Capital Southwest by 52.5% during the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager's stock valued at $46,000 after acquiring an additional 732 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Capital Southwest by 243.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager's stock valued at $48,000 after acquiring an additional 1,571 shares during the period. Finally, Capital Analysts LLC grew its position in Capital Southwest by 35.6% during the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager's stock valued at $56,000 after acquiring an additional 669 shares during the period. Hedge funds and other institutional investors own 23.42% of the company's stock.

Capital Southwest Stock Down 0.5%

Shares of NASDAQ CSWC traded down $0.10 on Friday, hitting $21.24. The company had a trading volume of 569,344 shares, compared to its average volume of 449,263. Capital Southwest Corporation has a 12-month low of $17.46 and a 12-month high of $27.23. The business has a 50 day moving average of $20.56 and a two-hundred day moving average of $21.56. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.14 billion, a P/E ratio of 14.35 and a beta of 0.94.

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

Capital Southwest Dividend Announcement

The firm also recently declared 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 10.93%. The ex-dividend date is Monday, September 15th. Capital Southwest's dividend payout ratio (DPR) is 156.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSWC shares. B. Riley raised Capital Southwest to a "strong-buy" rating in a research report on Monday, June 16th. Wall Street Zen raised Capital Southwest from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. UBS Group decreased their target price on Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James Financial decreased their target price on Capital Southwest from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 16th.

About Capital Southwest

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.