Capital Southwest Corporation $CSWC Shares Sold by Invesco Ltd.

Invesco Ltd. cut its stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,909 shares of the asset manager’s stock after selling 3,584 shares during the quarter. Invesco Ltd. owned about 0.06% of Capital Southwest worth $623,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Focus Partners Wealth raised its position in shares of 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 boosted its position in shares of Capital Southwest by 4.0% during the 1st quarter. Apollon Wealth Management LLC now owns 21,498 shares of the asset manager’s stock valued at $480,000 after acquiring an additional 817 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Capital Southwest by 1.3% during the 1st quarter. Confluence Investment Management LLC now owns 101,522 shares of the asset manager’s stock valued at $2,266,000 after acquiring an additional 1,280 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Capital Southwest during the 4th quarter valued at about $33,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Capital Southwest by 5.4% during the 1st quarter. Sunbelt Securities Inc. now owns 39,229 shares of the asset manager’s stock worth $876,000 after purchasing an additional 2,014 shares during the period. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Price Performance

Shares of NASDAQ CSWC opened at $23.00 on Friday. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $25.90. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $22.77 and its 200 day simple moving average is $21.73. The stock has a market cap of $1.28 billion, a P/E ratio of 13.94 and a beta of 0.96.

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

Capital Southwest Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a $0.1934 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a c) annualized dividend and a dividend yield of 10.1%. Capital Southwest’s payout ratio is presently 140.61%.

Wall Street Analyst Weigh In

CSWC has been the topic of several research reports. Citigroup raised shares of Capital Southwest to an “outperform” rating in a research report on Tuesday, June 24th. B. Riley raised their price objective 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. 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. JMP Securities upgraded shares of Capital Southwest from a “market perform” rating to a “market outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 24th. Finally, UBS Group lifted their price target on Capital Southwest from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.30.

About Capital Southwest

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.