Capital Southwest Corporation $CSWC Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 35.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,526,667 shares of the asset manager’s stock after purchasing an additional 399,106 shares during the period. Van ECK Associates Corp’s holdings in Capital Southwest were worth $36,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Triumph Capital Management acquired a new stake in shares of Capital Southwest during the 3rd quarter worth about $28,000. Allied Private Wealth LLC acquired a new position in Capital Southwest in the second quarter valued at approximately $37,000. Tower Research Capital LLC TRC boosted its holdings in 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 purchasing an additional 1,863 shares in the last quarter. Osbon Capital Management LLC purchased a new position in Capital Southwest in the fourth quarter valued at approximately $55,000. Finally, CENTRAL TRUST Co acquired a new stake in Capital Southwest during the first quarter worth approximately $60,000. 23.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Capital Southwest Stock Performance

NASDAQ:CSWC opened at $25.47 on Monday. The stock’s 50 day moving average price is $24.16 and its 200 day moving average price is $23.37. The company has a market capitalization of $1.62 billion, a PE ratio of 14.07 and a beta of 0.69. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a 52-week low of $19.37 and a 52-week high of $25.74.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, topping 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 company had revenue of $61.05 million for the quarter, compared to analyst estimates of $61.22 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, research analysts anticipate that Capital Southwest Corporation will post 2.27 EPS for the current year.

Capital Southwest Dividend Announcement

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

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.