Sciencast Management LP Makes New $261,000 Investment in Capital Southwest Corporation $CSWC

Key Points

• Sciencast Management LP has acquired a new position in Capital Southwest Corporation, purchasing 11,696 shares valued at approximately $261,000.
• Several institutional investors have increased their stakes in CSWC, including Goldman Sachs Group Inc., which raised its holdings by 246.5% during the first quarter.
• Capital Southwest recently declared a quarterly dividend of $0.06 per share, resulting in a 1.0% yield, with a payout ratio of 140.61%.

Sciencast Management LP purchased a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,696 shares of the asset manager's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in Capital Southwest during the fourth quarter valued at approximately $33,000. Garde Capital Inc. bought a new position in Capital Southwest during the first quarter valued at approximately $54,000. PFG Investments LLC bought a new position in Capital Southwest during the first quarter valued at approximately $207,000. Focus Partners Wealth boosted its stake in 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 buying an additional 585 shares during the last quarter. Finally, DRW Securities LLC bought a new position in Capital Southwest during the first quarter valued at approximately $225,000. 23.42% of the stock is owned by institutional investors.

Capital Southwest Trading Down 0.1%

Shares of NASDAQ CSWC traded down $0.03 during midday trading on Monday, hitting $22.53. The company's stock had a trading volume of 308,290 shares, compared to its average volume of 561,706. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $22.84 and its two-hundred day moving average is $21.68. Capital Southwest Corporation has a 12-month low of $17.46 and a 12-month high of $25.90. The firm has a market cap of $1.25 billion, a P/E ratio of 13.65 and a beta of 0.96.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly 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 return on equity of 14.17% and a net margin of 39.95%.The firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $54.36 million. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, equities research analysts expect that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, December 15th. Capital Southwest's dividend payout ratio is presently 140.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CSWC shares. UBS Group increased their price target on Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. B. Riley upped their price objective on Capital Southwest from $23.50 to $24.00 and gave the company a "buy" rating in a research report on Friday, August 8th. 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 research report on Tuesday, June 24th. Citizens Jmp upgraded Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 24th. Finally, Citigroup upgraded Capital Southwest to an "outperform" rating in a research report on Tuesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Capital Southwest presently has an average rating of "Moderate Buy" and an average price target of $24.30.

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.