Capital Southwest Corporation $CSWC Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its investment in Capital Southwest Corporation, owning now 197,678 shares worth approximately $4.41 million, after a 16.9% boost in the first quarter.
• Capital Southwest recently announced a monthly dividend of $0.1934, representing an annualized yield of 10.2%, with a payout ratio of 140.61%.
• Analysts have mixed ratings on Capital Southwest, with a consensus rating of "Moderate Buy" and an average target price of $24.30.

LPL Financial LLC boosted its holdings in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,678 shares of the asset manager's stock after purchasing an additional 28,624 shares during the quarter. LPL Financial LLC owned about 0.39% of Capital Southwest worth $4,412,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Capital Southwest by 934.8% in the 4th quarter. JPMorgan Chase & Co. now owns 39,259 shares of the asset manager's stock valued at $857,000 after purchasing an additional 35,465 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Capital Southwest during the fourth quarter worth about $4,250,000. Barclays PLC raised its holdings in Capital Southwest by 1.8% in the 4th quarter. Barclays PLC now owns 77,436 shares of the asset manager's stock valued at $1,690,000 after acquiring an additional 1,353 shares during the last quarter. Guggenheim Capital LLC lifted its position in Capital Southwest by 5.6% during the fourth quarter. Guggenheim Capital LLC now owns 23,612 shares of the asset manager's stock worth $515,000 after buying an additional 1,246 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of Capital Southwest during the 4th quarter worth about $417,000. Institutional investors and hedge funds own 23.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CSWC. Citizens Jmp raised Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a research report on Tuesday, June 24th. Raymond James Financial boosted their target price on Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Citigroup upgraded shares of Capital Southwest to an "outperform" rating in a report on Tuesday, June 24th. UBS Group increased their price objective on shares of Capital Southwest from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, JMP Securities upgraded shares of Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 target price on the stock in a report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.30.

Capital Southwest Stock Up 0.3%

Shares of NASDAQ CSWC traded up $0.07 during midday trading on Tuesday, reaching $22.65. 112,348 shares of the company's stock were exchanged, compared to its average volume of 567,704. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.19 and a current ratio of 0.19. Capital Southwest Corporation has a 52-week low of $17.46 and a 52-week high of $25.90. The business's fifty day moving average price is $22.40 and its two-hundred day moving average price is $21.74. The stock has a market capitalization of $1.26 billion, a PE ratio of 13.73 and a beta of 0.98.

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, hitting the consensus estimate of $0.59. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%. During the same period in the previous year, the business earned $0.69 EPS. Analysts forecast that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.1934 per share. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend 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.