Van ECK Associates Corp grew its position in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 35.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,526,667 shares of the asset manager's stock after buying an additional 399,106 shares during the quarter. Van ECK Associates Corp owned 2.40% of Capital Southwest worth $36,289,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of CSWC. Triumph Capital Management purchased a new position in Capital Southwest during the 3rd quarter valued at about $28,000. Allied Private Wealth LLC purchased a new stake in Capital Southwest during the second quarter worth about $37,000. Tower Research Capital LLC TRC increased its stake in Capital Southwest by 13,307.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager's stock worth $41,000 after purchasing an additional 1,863 shares during the period. Osbon Capital Management LLC acquired a new stake in shares of Capital Southwest during the fourth quarter worth about $55,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of Capital Southwest during the first quarter worth about $60,000. Hedge funds and other institutional investors own 23.42% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CSWC. B. Riley Financial lifted their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the company a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Capital Southwest in a report on Thursday, June 18th. Citizens Jmp raised their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 5th. Finally, Citigroup restated a "market outperform" rating on shares of Capital Southwest in a research note on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.60.
View Our Latest Stock Analysis on Capital Southwest
Capital Southwest Price Performance
CSWC stock opened at $25.47 on Monday. The business's 50-day moving average is $24.16 and its two-hundred day moving average is $23.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $1.62 billion, a P/E ratio of 14.07 and a beta of 0.69. Capital Southwest Corporation has a 1 year low of $19.37 and a 1 year high of $25.74.
Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The business had revenue of $61.05 million during the quarter, compared to the consensus estimate of $61.22 million. During the same period in the previous year, the company posted $0.61 earnings per share. Analysts anticipate that Capital Southwest Corporation will post 2.27 earnings per share for the current fiscal year.
Capital Southwest Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.1934 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Tuesday, December 15th. Capital Southwest's payout ratio is 128.18%.
Capital Southwest Profile
(
Free Report)
Capital Southwest NASDAQ: CSWC is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.
Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.
Further Reading
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