Empirical Finance LLC Sells 93,366 Shares of Capital Southwest Corporation $CSWC

Empirical Finance LLC trimmed its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 15.1% during the 2nd quarter, Holdings Channel reports. The fund owned 525,500 shares of the asset manager’s stock after selling 93,366 shares during the period. Empirical Finance LLC’s holdings in Capital Southwest were worth $12,491,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in shares of Capital Southwest by 35.4% during the second quarter. Van ECK Associates Corp now owns 1,526,667 shares of the asset manager’s stock valued at $36,289,000 after purchasing an additional 399,106 shares in the last quarter. Sound Income Strategies LLC raised its stake in Capital Southwest by 2.0% in the first quarter. Sound Income Strategies LLC now owns 903,329 shares of the asset manager’s stock worth $19,810,000 after buying an additional 17,362 shares in the last quarter. UBS Group AG lifted its holdings in Capital Southwest by 5.0% during the fourth quarter. UBS Group AG now owns 817,148 shares of the asset manager’s stock worth $18,100,000 after buying an additional 38,987 shares during the period. Empowered Funds LLC bought a new stake in Capital Southwest during the 1st quarter valued at $13,694,000. Finally, Melia Wealth LLC boosted its position in Capital Southwest by 2.6% during the 4th quarter. Melia Wealth LLC now owns 502,988 shares of the asset manager’s stock valued at $11,141,000 after acquiring an additional 12,537 shares in the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Down 0.9%

Shares of CSWC stock traded down $0.23 during trading hours on Tuesday, reaching $24.35. 775,292 shares of the company’s stock were exchanged, compared to its average volume of 661,246. Capital Southwest Corporation has a 1 year low of $19.37 and a 1 year high of $25.75. 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 $1.55 billion, a PE ratio of 13.45 and a beta of 0.70. The stock’s fifty day moving average price is $24.35 and its two-hundred day moving average price is $23.44.

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

Capital Southwest Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a $0.1934 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. Capital Southwest’s dividend payout ratio (DPR) is currently 128.18%.

Analyst Ratings Changes

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

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.