Sumitomo Mitsui Trust Group Inc. Has $3 Million Stake in Capital Southwest Corporation (NASDAQ:CSWC)

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,178 shares of the asset manager's stock after purchasing an additional 31,299 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Capital Southwest worth $2,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in Capital Southwest during the 4th quarter worth approximately $30,000. Ameriflex Group Inc. purchased a new position in Capital Southwest during the 4th quarter worth approximately $33,000. Quarry LP grew its position in Capital Southwest by 52.5% during the 4th quarter. Quarry LP now owns 2,126 shares of the asset manager's stock worth $46,000 after purchasing an additional 732 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Capital Southwest by 243.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager's stock worth $48,000 after purchasing an additional 1,571 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Capital Southwest during the 1st quarter valued at $54,000. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Capital Southwest Stock Up 0.1%

Shares of CSWC stock traded up $0.03 on Tuesday, hitting $22.74. The company's stock had a trading volume of 437,184 shares, compared to its average volume of 468,123. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $27.23. The firm's fifty day moving average price is $21.12 and its 200-day moving average price is $21.57. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 15.36 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.08). Capital Southwest had a net margin of 34.51% and a return on equity of 14.40%. The business had revenue of $52.34 million during the quarter, compared to analyst estimates of $52.83 million. During the same period in the previous year, the firm posted $0.68 EPS. Research analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The firm also recently disclosed 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 10.21%. The ex-dividend date is Monday, September 15th. Capital Southwest's payout ratio is presently 156.76%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup raised shares of Capital Southwest to an "outperform" rating in a research note on Tuesday, June 24th. Citizens Jmp raised shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 target price for the company in a research note on Tuesday, June 24th. UBS Group decreased their target price on shares of Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research note on Thursday, April 17th. 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. Finally, Wall Street Zen raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.60.

Capital Southwest Company 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.