Franklin Resources Inc. Trims Stake in Capital Southwest Corporation $CSWC

Franklin Resources Inc. cut its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,762 shares of the asset manager’s stock after selling 7,861 shares during the quarter. Franklin Resources Inc. owned about 0.52% of Capital Southwest worth $6,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortitude Family Office LLC acquired a new position in Capital Southwest in the second quarter valued at about $31,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Capital Southwest by 58.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,135 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 788 shares during the period. Signaturefd LLC lifted its holdings in shares of Capital Southwest by 52.0% in the 2nd quarter. Signaturefd LLC now owns 2,483 shares of the asset manager’s stock worth $55,000 after acquiring an additional 849 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Capital Southwest by 1,214.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,628 shares of the asset manager’s stock worth $58,000 after acquiring an additional 2,428 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Capital Southwest by 26.6% during the 2nd quarter. CWM LLC now owns 2,930 shares of the asset manager’s stock worth $65,000 after purchasing an additional 615 shares during the period. 23.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Noble Financial upgraded Capital Southwest to a “buy” rating in a research note on Wednesday, November 5th. Loop Capital reissued a “buy” rating and set a $23.00 target price on shares of Capital Southwest in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Capital Southwest in a report on Monday, November 24th. Raymond James Financial lowered shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Finally, Zacks Research lowered shares of Capital Southwest from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Capital Southwest presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.64.

Capital Southwest Stock Down 0.0%

Shares of NASDAQ CSWC opened at $21.56 on Monday. The business has a 50-day moving average of $20.97 and a two-hundred day moving average of $21.76. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.07 and a beta of 0.94. Capital Southwest Corporation has a 1 year low of $17.46 and a 1 year high of $23.86. 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 (NASDAQ:CSWC) last issued its earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $56.95 million for the quarter, compared to analyst estimates of $55.37 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.During the same period last year, the business posted $0.66 EPS. On average, analysts forecast that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.1934 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Friday, March 13th. Capital Southwest’s dividend payout ratio (DPR) is 144.10%.

Capital Southwest 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.