Raymond James Financial Inc. Has $6.71 Million Stake in Capital Southwest Corporation $CSWC

Raymond James Financial Inc. lifted its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 54.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,600 shares of the asset manager's stock after buying an additional 105,845 shares during the period. Raymond James Financial Inc. owned approximately 0.59% of Capital Southwest worth $6,709,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CSWC. Ameriflex Group Inc. acquired a new stake in Capital Southwest in the fourth quarter worth about $33,000. Garde Capital Inc. acquired a new position in shares of Capital Southwest during the first quarter valued at approximately $54,000. Focus Partners Wealth increased its stake in shares of Capital Southwest by 6.6% during the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock valued at $207,000 after acquiring an additional 585 shares during the period. PFG Investments LLC acquired a new position in shares of Capital Southwest during the first quarter valued at approximately $207,000. Finally, Janney Montgomery Scott LLC bought a new position in Capital Southwest during the 1st quarter valued at $259,000. Institutional investors and hedge funds own 23.42% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CSWC shares. Citigroup upgraded Capital Southwest to an "outperform" rating in a report on Tuesday, June 24th. Raymond James Financial lifted their price objective on shares of Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. 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 research note on Tuesday, June 24th. Citizens Jmp upgraded shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a research report on Tuesday, June 24th. Finally, UBS Group increased their price objective on Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.30.

Capital Southwest Stock Up 0.7%

CSWC traded up $0.16 on Thursday, reaching $23.00. 429,787 shares of the company traded hands, compared to its average volume of 597,864. Capital Southwest Corporation has a 52-week low of $17.46 and a 52-week high of $25.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 13.94 and a beta of 0.96. The stock's 50 day moving average price is $22.77 and its 200-day moving average price is $21.73.

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

Capital Southwest Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.1934 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. Capital Southwest's dividend payout ratio (DPR) is 140.61%.

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.