Sumitomo Mitsui Trust Group Inc. Buys 31,299 Shares of Capital Southwest Corporation (NASDAQ:CSWC)

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

Several other hedge funds have also added to or reduced their stakes in CSWC. Bank of America Corp DE raised its position in shares of Capital Southwest by 135.3% in the fourth quarter. Bank of America Corp DE now owns 17,710 shares of the asset manager's stock valued at $386,000 after purchasing an additional 10,182 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Capital Southwest in the first quarter valued at approximately $259,000. Jane Street Group LLC bought a new stake in Capital Southwest during the 4th quarter worth approximately $475,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Capital Southwest by 28.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the asset manager's stock worth $313,000 after acquiring an additional 3,118 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in Capital Southwest by 6.5% during the 1st quarter. Sound Income Strategies LLC now owns 616,016 shares of the asset manager's stock worth $13,749,000 after acquiring an additional 37,475 shares during the period. Institutional investors own 23.42% of the company's stock.

Capital Southwest Price Performance

CSWC stock traded up $0.14 during midday trading on Tuesday, reaching $22.85. The company had a trading volume of 292,597 shares, compared to its average volume of 466,039. Capital Southwest Corporation has a 1 year low of $17.46 and a 1 year high of $27.23. The company has a market capitalization of $1.23 billion, a P/E ratio of 15.44 and a beta of 0.95. The firm has a 50-day moving average price of $21.07 and a 200-day moving average price of $21.56. 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 (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $52.83 million. During the same period last year, the company posted $0.68 EPS. On average, research analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.1934 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 10.16%. Capital Southwest's dividend payout ratio (DPR) is 156.76%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup raised shares of Capital Southwest to an "outperform" rating in a report 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 on the stock in a report on Tuesday, June 24th. Wall Street Zen raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. JMP Securities raised 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. Finally, Raymond James Financial decreased their target price on shares of Capital Southwest from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Capital Southwest currently has an average rating of "Moderate Buy" and an average price target of $23.60.

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.