Tectonic Advisors LLC Raises Stock Holdings in Capital Southwest Corporation $CSWC

Key Points

• Tectonic Advisors LLC increased its stake in Capital Southwest Corporation by 18.4%, owning approximately 0.97% of the company's stock worth $11,498,000.
• Capital Southwest recently reported $0.59 EPS for the quarter, matching analysts’ estimates, with revenue reaching $55.95 million.
• The company announced a quarterly dividend of $0.06 per share, with the ex-dividend date set for December 15th, resulting in an annualized yield of 1.2%.

Tectonic Advisors LLC grew its stake in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 521,686 shares of the asset manager's stock after purchasing an additional 81,213 shares during the period. Tectonic Advisors LLC owned approximately 0.97% of Capital Southwest worth $11,498,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new position in shares of Capital Southwest in the second quarter valued at approximately $31,000. Garde Capital Inc. acquired a new position in shares of Capital Southwest in the first quarter valued at approximately $54,000. Signaturefd LLC increased its holdings in shares of Capital Southwest by 52.0% in the second quarter. Signaturefd LLC now owns 2,483 shares of the asset manager's stock valued at $55,000 after purchasing an additional 849 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Capital Southwest by 786.8% in the second quarter. Farther Finance Advisors LLC now owns 3,698 shares of the asset manager's stock valued at $82,000 after purchasing an additional 3,281 shares during the period. Finally, PFG Investments LLC acquired a new position in shares of Capital Southwest in the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 23.42% of the company's stock.

Capital Southwest Stock Down 1.3%

CSWC opened at $20.65 on Thursday. The business's fifty day moving average is $22.53 and its two-hundred day moving average is $21.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 12.52 and a beta of 0.95. Capital Southwest Corporation has a one year low of $17.46 and a one year high of $25.90.

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

Capital Southwest Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, December 15th. Capital Southwest's payout ratio is presently 140.61%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CSWC shares. UBS Group boosted their target price on Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Capital Southwest in a report on Wednesday. Raymond James Financial lowered Capital Southwest from an "outperform" rating to a "market perform" rating in a report on Tuesday. JMP Securities raised 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. Finally, B. Riley upped their price objective on Capital Southwest from $23.50 to $24.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.

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