Capital Southwest Co. (CSWC) To Go Ex-Dividend on September 15th

Capital Southwest Co. (NASDAQ:CSWC) announced a monthly dividend on Thursday, June 12th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.1934 per share by the asset manager on Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 11.24%. The ex-dividend date of this dividend is Monday, September 15th.

Capital Southwest has a payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Trading Down 4.0%

CSWC opened at $20.65 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $20.36 and a two-hundred day moving average price of $21.66. The company has a market cap of $1.11 billion, a P/E ratio of 14.65 and a beta of 0.94. Capital Southwest has a 1-year low of $17.46 and a 1-year high of $27.23.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Wednesday, May 14th. The asset manager reported $0.54 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.08). The business had revenue of $52.34 million for the quarter, compared to the consensus estimate of $52.83 million. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. During the same period in the previous year, the firm earned $0.68 earnings per share. Analysts predict that Capital Southwest will post 2.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Capital Southwest by 246.5% in the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock valued at $5,751,000 after acquiring an additional 183,313 shares during the last quarter. Royal Bank of Canada boosted its stake in Capital Southwest by 13.4% in the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock valued at $1,544,000 after acquiring an additional 8,188 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in Capital Southwest in the first quarter valued at about $318,000. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Capital Southwest from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th. Raymond James cut their price target 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. Finally, UBS Group cut their price target on shares of Capital Southwest from $23.50 to $20.50 and set a “neutral” rating on the stock in a report on Thursday, April 17th.

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.