Zuckerman Investment Group LLC Lowers Position in Capital Southwest Corporation $CSWC

Zuckerman Investment Group LLC lessened its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 9.8% in the third quarter, HoldingsChannel.com reports. The fund owned 415,436 shares of the asset manager’s stock after selling 44,939 shares during the period. Zuckerman Investment Group LLC’s holdings in Capital Southwest were worth $9,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of 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 worth $41,000 after purchasing an additional 1,863 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Capital Southwest by 58.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 2,135 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 788 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Capital Southwest in the 3rd quarter worth approximately $48,000. Newbridge Financial Services Group Inc. purchased a new position in Capital Southwest in the 2nd quarter worth approximately $70,000. Finally, Chilton Capital Management LLC bought a new position in shares of Capital Southwest in the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of NASDAQ CSWC opened at $21.42 on Friday. The stock’s 50-day moving average is $22.87 and its 200 day moving average is $22.03. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 11.83 and a beta of 0.75. Capital Southwest Corporation has a 1-year low of $17.46 and a 1-year high of $23.84. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.51.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, February 2nd. The asset manager reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $61.45 million for the quarter, compared to analysts’ expectations of $57.37 million. Capital Southwest had a net margin of 45.46% and a return on equity of 13.76%. During the same period last year, the business earned $0.63 earnings per share. On average, sell-side analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.1934 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 10.8%. Capital Southwest’s dividend payout ratio (DPR) is currently 128.18%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CSWC shares. Zacks Research upgraded shares of Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings raised Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.42.

Capital Southwest Company Profile

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.