Legal & General Group Plc Grows Stake in Capital Southwest Corporation $CSWC

Legal & General Group Plc lifted its position in Capital Southwest Corporation (NASDAQ:CSWC) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,580 shares of the asset manager’s stock after purchasing an additional 57,679 shares during the quarter. Legal & General Group Plc owned about 0.65% of Capital Southwest worth $8,639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSWC. Triumph Capital Management purchased a new position in Capital Southwest during the third quarter worth about $28,000. Tower Research Capital LLC TRC raised its holdings in shares of Capital Southwest by 13,307.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 1,863 shares in the last quarter. VPR Management LLC raised its holdings in shares of Capital Southwest by 120.0% in the 3rd quarter. VPR Management LLC now owns 5,500 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Capital Southwest during the 3rd quarter valued at about $126,000. Finally, Leonteq Securities AG purchased a new position in shares of Capital Southwest during the fourth quarter worth about $140,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial upped their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.50.

Capital Southwest Stock Up 1.7%

CSWC opened at $23.57 on Friday. The business’s fifty day simple moving average is $23.21 and its 200 day simple moving average is $22.63. Capital Southwest Corporation has a 52 week low of $19.37 and a 52 week high of $24.43. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.46 billion, a PE ratio of 12.40 and a beta of 0.69.

Capital Southwest Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1934 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.8%. Capital Southwest’s payout ratio is presently 122.11%.

About Capital Southwest

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.