Commonwealth Equity Services LLC decreased its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 14.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 13,834 shares of the asset manager’s stock after selling 2,350 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of Capital Southwest worth $306,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. bought a new position in shares of Capital Southwest during the 4th quarter worth about $39,000. Allworth Financial LP bought a new position in shares of Capital Southwest during the 1st quarter worth about $50,000. Nisa Investment Advisors LLC bought a new position in shares of Capital Southwest during the 4th quarter worth about $44,000. FNY Investment Advisers LLC increased its holdings in shares of Capital Southwest by 123.6% during the 1st quarter. FNY Investment Advisers LLC now owns 3,799 shares of the asset manager’s stock worth $84,000 after purchasing an additional 2,100 shares during the period. Finally, WASHINGTON TRUST Co increased its holdings in shares of Capital Southwest by 169.3% during the 1st quarter. WASHINGTON TRUST Co now owns 5,676 shares of the asset manager’s stock worth $126,000 after purchasing an additional 3,568 shares during the period. Institutional investors own 30.17% of the company’s stock.
Several analysts have recently weighed in on the stock. B. Riley lifted their target price on shares of Capital Southwest from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 27th. Zacks Investment Research lowered shares of Capital Southwest from a “buy” rating to a “hold” rating in a research report on Wednesday, April 21st. Hovde Group began coverage on shares of Capital Southwest in a research report on Friday, March 5th. They issued an “outperform” rating and a $24.00 price target on the stock. Raymond James restated a “buy” rating on shares of Capital Southwest in a research report on Wednesday, May 26th. Finally, TheStreet upgraded shares of Capital Southwest from a “c” rating to a “b-” rating in a research report on Tuesday, February 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.33.
Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, May 24th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). Capital Southwest had a return on equity of 10.44% and a net margin of 74.76%. The company had revenue of $17.17 million for the quarter, compared to analyst estimates of $17.76 million. Analysts expect that Capital Southwest Co. will post 1.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.68%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, June 14th. Capital Southwest’s dividend payout ratio is presently 101.20%.
Capital Southwest Profile
Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.
Further Reading: Intrinsic Value and Stock Selection
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