Capital Southwest Corporation $CSWC Shares Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. boosted its stake in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 54.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,600 shares of the asset manager's stock after acquiring an additional 105,845 shares during the period. Raymond James Financial Inc. owned about 0.59% of Capital Southwest worth $6,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CSWC. Focus Partners Wealth raised its holdings in shares of Capital Southwest by 6.6% in the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock valued at $207,000 after buying an additional 585 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Capital Southwest by 4.0% in the first quarter. Apollon Wealth Management LLC now owns 21,498 shares of the asset manager's stock valued at $480,000 after buying an additional 817 shares during the last quarter. Confluence Investment Management LLC raised its holdings in shares of Capital Southwest by 1.3% in the first quarter. Confluence Investment Management LLC now owns 101,522 shares of the asset manager's stock valued at $2,266,000 after buying an additional 1,280 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Capital Southwest in the fourth quarter valued at about $33,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Capital Southwest by 5.4% in the first quarter. Sunbelt Securities Inc. now owns 39,229 shares of the asset manager's stock valued at $876,000 after buying an additional 2,014 shares during the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Price Performance

CSWC traded down $0.04 on Friday, hitting $22.96. 363,358 shares of the company were exchanged, compared to its average volume of 578,943. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.19 and a current ratio of 0.19. The business's fifty day moving average is $22.80 and its 200 day moving average is $21.70. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $25.90. The firm has a market capitalization of $1.28 billion, a P/E ratio of 13.92 and a beta of 0.96.

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

Capital Southwest Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.1934 per share. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date was Tuesday, July 15th. Capital Southwest's dividend payout ratio is presently 140.61%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSWC. JMP Securities raised shares of Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 target price for the company in a report on Tuesday, June 24th. 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. Citizens Jmp raised shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target for the company in a report on Tuesday, June 24th. Citigroup raised shares of Capital Southwest to an "outperform" rating in a report on Tuesday, June 24th. Finally, Raymond James Financial increased their price target on shares of Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.