Mutual Advisors LLC Decreases Stock Position in Capital Southwest Corporation $CSWC

Mutual Advisors LLC lessened its stake in Capital Southwest Corporation (NASDAQ:CSWC) by 46.8% in the second quarter, Holdings Channel reports. The fund owned 9,244 shares of the asset manager’s stock after selling 8,135 shares during the quarter. Mutual Advisors LLC’s holdings in Capital Southwest were worth $216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of 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 buying an additional 31,299 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Capital Southwest during the 1st quarter valued at approximately $259,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 valued at $313,000 after buying an additional 3,118 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Southwest by 54.3% during the 1st quarter. Raymond James Financial Inc. now owns 300,600 shares of the asset manager’s stock valued at $6,709,000 after buying an additional 105,845 shares during the last quarter. Finally, Cozad Asset Management Inc. boosted its stake in shares of Capital Southwest by 12.7% during the 1st quarter. Cozad Asset Management Inc. now owns 47,151 shares of the asset manager’s stock valued at $1,052,000 after buying an additional 5,317 shares during the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CSWC. Raymond James Financial cut Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. UBS Group reduced their target price on Capital Southwest from $23.00 to $21.50 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research report on Wednesday, October 8th. Citizens Jmp raised Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Tuesday, June 24th. Finally, Zacks Research lowered Capital Southwest from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.10.

Capital Southwest Price Performance

Shares of NASDAQ CSWC opened at $20.73 on Wednesday. Capital Southwest Corporation has a 1-year low of $17.46 and a 1-year high of $25.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. The business’s fifty day moving average price is $22.09 and its two-hundred day moving average price is $21.55. The firm has a market capitalization of $1.15 billion, a PE ratio of 12.56 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Wednesday, August 6th. The asset manager reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.The firm had revenue of $55.95 million for the quarter, compared to analyst estimates of $54.36 million. During the same period last year, the company earned $0.69 earnings per share. On average, research analysts expect that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The business 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 $0.06 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.2%. Capital Southwest’s dividend payout ratio (DPR) is currently 140.61%.

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.