Tectonic Advisors LLC grew its position in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,473 shares of the asset manager's stock after purchasing an additional 42,465 shares during the period. Tectonic Advisors LLC owned approximately 0.87% of Capital Southwest worth $9,831,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Capital Southwest by 30.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 134,178 shares of the asset manager's stock valued at $2,995,000 after purchasing an additional 31,299 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Capital Southwest by 135.3% in the 4th quarter. Bank of America Corp DE now owns 17,710 shares of the asset manager's stock worth $386,000 after buying an additional 10,182 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Capital Southwest in the 1st quarter worth approximately $259,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Capital Southwest by 28.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the asset manager's stock worth $313,000 after purchasing an additional 3,118 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Capital Southwest during the fourth quarter worth $475,000. 23.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on CSWC. Wall Street Zen upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. B. Riley upgraded Capital Southwest to a "strong-buy" rating in a research note on Monday, June 16th. 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 report on Tuesday, June 24th. Citigroup upgraded shares of Capital Southwest to an "outperform" rating in a research note 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 for the company in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.00.
View Our Latest Stock Report on Capital Southwest
Capital Southwest Stock Up 0.7%
CSWC traded up $0.17 during trading on Wednesday, hitting $23.00. The company had a trading volume of 642,540 shares, compared to its average volume of 478,200. The company has a market capitalization of $1.24 billion, a PE ratio of 15.54 and a beta of 0.95. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.58. Capital Southwest Corporation has a one year low of $17.46 and a one year high of $26.97. The firm's 50-day moving average price is $21.45 and its 200 day moving average price is $21.64.
Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $52.83 million. During the same period in the prior year, the business earned $0.68 EPS. As a group, equities analysts expect that Capital Southwest Corporation will post 2.54 earnings per share for the current year.
Capital Southwest Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued 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 yield of 10.09%. Capital Southwest's payout ratio is 156.76%.
Capital Southwest Company Profile
(
Free Report)
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.
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