Redmont Wealth Advisors LLC Invests $1.48 Million in Capital Southwest Corporation $CSWC

Redmont Wealth Advisors LLC bought a new position in Capital Southwest Corporation (NASDAQ:CSWC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 67,876 shares of the asset manager’s stock, valued at approximately $1,484,000. Capital Southwest comprises 2.1% of Redmont Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Redmont Wealth Advisors LLC owned about 0.12% of Capital Southwest at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Capital Southwest by 13.4% in the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock worth $1,544,000 after purchasing an additional 8,188 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Capital Southwest by 246.5% during the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after buying an additional 183,313 shares in the last quarter. Caxton Associates LLP purchased a new stake in Capital Southwest in the 1st quarter valued at $318,000. CWM LLC lifted its stake in Capital Southwest by 26.6% during the 2nd quarter. CWM LLC now owns 2,930 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 615 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in Capital Southwest during the 2nd quarter worth $215,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

Analyst Ratings Changes

CSWC has been the subject of several analyst reports. Zacks Research upgraded shares of Capital Southwest from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Noble Financial upgraded shares of Capital Southwest to a “buy” rating in a research note on Wednesday, November 5th. Loop Capital reissued a “buy” rating and set a $23.00 target price on shares of Capital Southwest in a research report on Wednesday, November 5th. Capital One Financial set a $22.00 target price on Capital Southwest in a report on Tuesday, November 4th. Finally, Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.42.

Capital Southwest Trading Up 0.2%

Shares of CSWC stock opened at $23.02 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.38 billion, a P/E ratio of 12.72 and a beta of 0.76. The company has a 50 day moving average of $22.71 and a 200-day moving average of $22.06. Capital Southwest Corporation has a 12-month low of $17.46 and a 12-month high of $23.84.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, February 2nd. The asset manager reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The business had revenue of $61.45 million during the quarter, compared to analyst estimates of $57.37 million. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.During the same period in the prior year, the company earned $0.63 earnings per share. Sell-side analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Profile

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.