Confluence Investment Management LLC Grows Stock Position in Capital Southwest Corporation $CSWC

Confluence Investment Management LLC grew its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 102,107 shares of the asset manager’s stock after purchasing an additional 585 shares during the quarter. Confluence Investment Management LLC’s holdings in Capital Southwest were worth $2,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Focus Partners Wealth raised its position in Capital Southwest by 6.6% in the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager’s stock worth $207,000 after acquiring an additional 585 shares during the period. Apollon Wealth Management LLC raised its position in Capital Southwest by 4.0% in the first quarter. Apollon Wealth Management LLC now owns 21,498 shares of the asset manager’s stock worth $480,000 after acquiring an additional 817 shares during the period. Samalin Investment Counsel LLC raised its position in Capital Southwest by 5.5% in the first quarter. Samalin Investment Counsel LLC now owns 23,955 shares of the asset manager’s stock worth $535,000 after acquiring an additional 1,251 shares during the period. Ameriflex Group Inc. bought a new position in Capital Southwest in the fourth quarter worth approximately $33,000. Finally, Sunbelt Securities Inc. raised its position in Capital Southwest by 5.4% in the first quarter. Sunbelt Securities Inc. now owns 39,229 shares of the asset manager’s stock worth $876,000 after acquiring an additional 2,014 shares during the period. 23.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup upgraded shares of Capital Southwest to an “outperform” rating in a research report on Tuesday, June 24th. B. Riley increased their price target on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Raymond James Financial raised their price objective on shares of Capital Southwest from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Citizens Jmp upgraded shares of Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 24th. Finally, UBS Group raised their price objective on shares of Capital Southwest from $21.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Capital Southwest currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.30.

Capital Southwest Stock Down 0.5%

Shares of CSWC stock opened at $22.80 on Friday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 13.82 and a beta of 0.96. Capital Southwest Corporation has a one year low of $17.46 and a one year high of $25.90. The company’s fifty day moving average price is $22.84 and its 200-day moving average price is $21.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. The firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. During the same period last year, the firm earned $0.69 EPS. Sell-side analysts expect that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, December 15th. Capital Southwest’s dividend payout ratio (DPR) is presently 140.61%.

Capital Southwest Company 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, industry consolidation, recapitalizations and growth capital investments.