Argent Trust Co Sells 114,054 Shares of Capital Southwest Corporation $CSWC

Argent Trust Co lowered its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 92.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,294 shares of the asset manager’s stock after selling 114,054 shares during the quarter. Argent Trust Co’s holdings in Capital Southwest were worth $203,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of Capital Southwest by 13.4% in the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock worth $1,544,000 after acquiring an additional 8,188 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Capital Southwest by 246.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock valued at $5,751,000 after purchasing an additional 183,313 shares during the period. Caxton Associates LLP acquired a new stake in Capital Southwest in the 1st quarter worth $318,000. CWM LLC increased its holdings 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. Finally, Nisa Investment Advisors LLC raised its position in shares of Capital Southwest by 600.0% during the second quarter. Nisa Investment Advisors LLC now owns 3,500 shares of the asset manager’s stock valued at $77,000 after buying an additional 3,000 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Loop Capital reissued a “buy” rating and set a $23.00 target price on shares of Capital Southwest in a research report on Wednesday, November 5th. Zacks Research upgraded Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. Capital One Financial set a $22.00 target price on Capital Southwest in a research note on Tuesday, November 4th. Finally, Noble Financial upgraded shares of Capital Southwest to a “buy” rating in a research note on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.42.

Capital Southwest Price Performance

Capital Southwest stock opened at $22.53 on Wednesday. The business has a 50 day simple moving average of $22.85 and a 200 day simple moving average of $22.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market capitalization of $1.36 billion, a PE ratio of 12.45 and a beta of 0.75. Capital Southwest Corporation has a one year low of $17.46 and a one year high of $23.84.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, February 2nd. The asset manager reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The firm had revenue of $61.45 million for the quarter, compared to analysts’ expectations of $57.37 million. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.During the same period in the prior year, the business posted $0.63 earnings per share. On average, sell-side analysts forecast that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.1934 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. Capital Southwest’s dividend payout ratio (DPR) is 128.18%.

Capital Southwest Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.