Capital Southwest Corporation $CSWC Stock Holdings Raised by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 786.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,698 shares of the asset manager’s stock after buying an additional 3,281 shares during the period. Farther Finance Advisors LLC’s holdings in Capital Southwest were worth $82,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Capital Southwest by 30.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 134,178 shares of the asset manager’s stock valued at $2,995,000 after buying an additional 31,299 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Capital Southwest in the 1st quarter valued at about $259,000. Bank of America Corp DE boosted its holdings in shares of Capital Southwest by 135.3% in the 4th quarter. Bank of America Corp DE now owns 17,710 shares of the asset manager’s stock valued at $386,000 after buying an additional 10,182 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Capital Southwest by 28.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the asset manager’s stock valued at $313,000 after buying an additional 3,118 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Capital Southwest by 54.3% in the 1st quarter. Raymond James Financial Inc. now owns 300,600 shares of the asset manager’s stock valued at $6,709,000 after buying an additional 105,845 shares during the period. 23.42% of the stock is owned by institutional investors and hedge funds.

Capital Southwest Stock Down 0.9%

CSWC stock opened at $21.85 on Friday. Capital Southwest Corporation has a 52-week low of $17.46 and a 52-week high of $25.90. The company’s 50 day simple moving average is $22.64 and its 200-day simple moving average is $21.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $1.22 billion, a P/E ratio of 13.24 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Wednesday, August 6th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The business had revenue of $55.95 million for the quarter, compared to analyst estimates of $54.36 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. As a group, equities research analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, December 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.1%. Capital Southwest’s payout ratio is currently 140.61%.

Analysts Set New Price Targets

CSWC has been the subject of several research reports. UBS Group lifted their price target on shares of Capital Southwest from $21.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research note on Saturday, September 27th. Citizens Jmp raised shares of Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note on Tuesday, June 24th. Citigroup raised shares of Capital Southwest to an “outperform” rating in a research note on Tuesday, June 24th. Finally, B. Riley boosted their target price on shares of Capital Southwest from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Capital Southwest currently has an average rating of “Moderate Buy” and a consensus price target of $24.30.

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, industry consolidation, recapitalizations and growth capital investments.