Closed End Fund Advisors Inc. Makes New Investment in Capital Southwest Corporation $CSWC

Closed End Fund Advisors Inc. acquired a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 113,731 shares of the asset manager’s stock, valued at approximately $2,519,000. Capital Southwest accounts for approximately 1.5% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 18th largest position. Closed End Fund Advisors Inc. owned 0.19% of Capital Southwest at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in Capital Southwest during the 3rd quarter worth $28,000. Tower Research Capital LLC TRC increased its stake in Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock worth $41,000 after acquiring an additional 1,863 shares during the period. VPR Management LLC increased its stake in Capital Southwest by 120.0% during the 3rd quarter. VPR Management LLC now owns 5,500 shares of the asset manager’s stock worth $120,000 after acquiring an additional 3,000 shares during the period. BNP Paribas Financial Markets bought a new position in Capital Southwest during the 3rd quarter worth $126,000. Finally, Leonteq Securities AG bought a new position in shares of Capital Southwest in the 4th quarter valued at $140,000. Institutional investors own 23.42% of the company’s stock.

Analysts Set New Price Targets

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

Capital Southwest Trading Down 1.4%

Shares of CSWC opened at $23.21 on Friday. Capital Southwest Corporation has a 52-week low of $19.37 and a 52-week high of $24.43. The business’s fifty day moving average is $23.24 and its 200-day moving average is $22.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 12.22 and a beta of 0.69.

Capital Southwest Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.1934 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.0%. Capital Southwest’s dividend payout ratio (DPR) 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.