Sound Income Strategies LLC Purchases 129,181 Shares of Capital Southwest Corporation $CSWC

Sound Income Strategies LLC grew its position in Capital Southwest Corporation (NASDAQ:CSWC) by 17.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 885,967 shares of the asset manager’s stock after buying an additional 129,181 shares during the period. Capital Southwest makes up 1.0% of Sound Income Strategies LLC’s investment portfolio, making the stock its 26th largest holding. Sound Income Strategies LLC’s holdings in Capital Southwest were worth $20,980,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Capital Southwest in the 2nd quarter worth approximately $2,031,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Capital Southwest by 27.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,072 shares of the asset manager’s stock worth $4,811,000 after acquiring an additional 47,475 shares during the period. Muzinich & Co. Inc. lifted its position in shares of Capital Southwest by 21.0% in the 3rd quarter. Muzinich & Co. Inc. now owns 273,265 shares of the asset manager’s stock worth $5,974,000 after acquiring an additional 47,475 shares during the period. Redmont Wealth Advisors LLC bought a new stake in shares of Capital Southwest in the 3rd quarter worth approximately $1,484,000. Finally, Van ECK Associates Corp lifted its position in shares of Capital Southwest by 8.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,457,146 shares of the asset manager’s stock worth $31,853,000 after acquiring an additional 109,846 shares during the period. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Capital Southwest stock opened at $22.68 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a fifty day moving average price of $22.50 and a two-hundred day moving average price of $21.92. Capital Southwest Corporation has a 52-week low of $17.46 and a 52-week high of $23.84. The firm has a market capitalization of $1.36 billion, a P/E ratio of 12.53 and a beta of 0.72.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, February 2nd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.The firm had revenue of $61.45 million during the quarter, compared to analyst estimates of $57.37 million. During the same period in the prior year, the company posted $0.63 earnings per share. As a group, analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.1934 per share. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Monday, June 15th. Capital Southwest’s dividend payout ratio is currently 128.18%.

Wall Street Analysts Forecast Growth

CSWC has been the subject of a number of research reports. Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. Zacks Research upgraded Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.42.

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.