Y Intercept Hong Kong Ltd Makes New $1.06 Million Investment in Capital Southwest Corporation $CSWC

Y Intercept Hong Kong Ltd bought a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,215 shares of the asset manager’s stock, valued at approximately $1,063,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of Capital Southwest at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in Capital Southwest by 600.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,500 shares of the asset manager’s stock worth $77,000 after buying an additional 3,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Capital Southwest by 28.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,597 shares of the asset manager’s stock worth $3,804,000 after buying an additional 38,419 shares in the last quarter. Melia Wealth LLC lifted its holdings in Capital Southwest by 10.1% in the 2nd quarter. Melia Wealth LLC now owns 464,973 shares of the asset manager’s stock worth $10,248,000 after buying an additional 42,665 shares in the last quarter. Naviter Wealth LLC lifted its holdings in Capital Southwest by 22.4% in the 2nd quarter. Naviter Wealth LLC now owns 100,105 shares of the asset manager’s stock worth $2,206,000 after buying an additional 18,352 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Capital Southwest in the 2nd quarter worth $215,000. 23.42% of the stock is owned by institutional investors and hedge funds.

Capital Southwest Trading Up 0.5%

CSWC opened at $20.43 on Tuesday. The stock has a market capitalization of $1.14 billion, a PE ratio of 12.38 and a beta of 0.95. The firm’s fifty day moving average price is $21.72 and its 200 day moving average price is $21.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. Capital Southwest Corporation has a 12-month low of $17.46 and a 12-month high of $23.86.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). 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 earned $0.66 earnings per share. As a group, research analysts expect that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The firm 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 $0.06 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. Capital Southwest’s payout ratio is 140.61%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Raymond James Financial lowered shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 7th. UBS Group cut their price objective on shares of Capital Southwest from $23.00 to $21.50 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. B. Riley boosted their price objective on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of Capital Southwest from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.10.

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.