Navellier & Associates Inc. Buys Shares of 38,884 Capital Southwest Corporation $CSWC

Navellier & Associates Inc. acquired a new stake in Capital Southwest Corporation (NASDAQ:CSWC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 38,884 shares of the asset manager’s stock, valued at approximately $924,000. Navellier & Associates Inc. owned about 0.06% of Capital Southwest as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Capital Southwest during the 3rd quarter worth about $28,000. Allied Private Wealth LLC acquired a new stake in shares of Capital Southwest in the second quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in shares of Capital Southwest by 13,307.1% in the second 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 during the last quarter. Osbon Capital Management LLC bought a new stake in Capital Southwest during the fourth quarter worth about $55,000. Finally, CENTRAL TRUST Co acquired a new position in Capital Southwest during the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Up 0.3%

CSWC opened at $25.47 on Friday. Capital Southwest Corporation has a 1-year low of $19.37 and a 1-year high of $25.74. The stock’s fifty day simple moving average is $24.16 and its 200 day simple moving average is $23.37. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.62 billion, a PE ratio of 14.07 and a beta of 0.69.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The business had revenue of $61.05 million during the quarter, compared to the consensus estimate of $61.22 million. During the same quarter last year, the firm posted $0.61 EPS. As a group, research analysts expect that Capital Southwest Corporation will post 2.27 earnings per share for the current year.

Capital Southwest Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.1934 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 9.1%. Capital Southwest’s payout ratio is presently 128.18%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSWC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Citigroup reissued a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. B. Riley Financial raised their target price on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Citizens Jmp boosted their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.60.

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.