Capital Southwest Co. (NASDAQ:CSWC) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 15.2% during the 4th quarter, Holdings Channel reports. The firm owned 103,744 shares of the asset manager’s stock after purchasing an additional 13,667 shares during the period. Raymond James & Associates’ holdings in Capital Southwest were worth $2,459,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CSWC. Tower Research Capital LLC TRC acquired a new position in shares of Capital Southwest in the 1st quarter worth $78,000. Quantbot Technologies LP grew its holdings in shares of Capital Southwest by 4,740.0% in the 1st quarter. Quantbot Technologies LP now owns 4,840 shares of the asset manager’s stock worth $114,000 after acquiring an additional 4,740 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Capital Southwest by 36.1% in the 3rd quarter. Washington Trust Advisors Inc. now owns 5,000 shares of the asset manager’s stock worth $114,000 after acquiring an additional 1,326 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Capital Southwest by 26.8% in the 4th quarter. Bank of America Corp DE now owns 6,143 shares of the asset manager’s stock worth $105,000 after acquiring an additional 1,298 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of Capital Southwest in the 3rd quarter worth $163,000. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. B. Riley lifted their target price on Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. JMP Securities restated a “market outperform” rating and issued a $26.00 target price on shares of Capital Southwest in a report on Tuesday, March 26th. Finally, Raymond James lifted their target price on Capital Southwest from $24.00 to $26.50 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Capital Southwest presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Capital Southwest Price Performance

CSWC opened at $24.39 on Tuesday. Capital Southwest Co. has a 1 year low of $17.31 and a 1 year high of $26.17. The stock has a fifty day moving average price of $24.21 and a 200 day moving average price of $23.47. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 10.38 and a beta of 1.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.45.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Tuesday, January 30th. The asset manager reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. Capital Southwest had a return on equity of 15.82% and a net margin of 52.16%. The company had revenue of $48.57 million during the quarter, compared to analysts’ expectations of $45.12 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Analysts forecast that Capital Southwest Co. will post 2.69 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.63 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 10.33%. Capital Southwest’s dividend payout ratio is currently 97.02%.

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, 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.