Fortitude Family Office LLC Acquires New Holdings in Capital Southwest Corporation $CSWC

Fortitude Family Office LLC acquired a new stake in Capital Southwest Corporation (NASDAQ:CSWC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,400 shares of the asset manager’s stock, valued at approximately $31,000.

Other large investors have also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in shares of Capital Southwest during the fourth quarter valued at $33,000. Garde Capital Inc. bought a new position in shares of Capital Southwest during the first quarter valued at $54,000. Farther Finance Advisors LLC raised its stake in shares of Capital Southwest by 786.8% during the second quarter. Farther Finance Advisors LLC now owns 3,698 shares of the asset manager’s stock valued at $82,000 after acquiring an additional 3,281 shares during the last quarter. PFG Investments LLC bought a new position in shares of Capital Southwest during the first quarter valued at $207,000. Finally, DRW Securities LLC bought a new position in shares of Capital Southwest during the first quarter valued at $225,000. Institutional investors own 23.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Capital Southwest Trading Up 0.2%

NASDAQ:CSWC opened at $22.80 on Wednesday. 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 50-day moving average of $22.81 and a 200-day moving average of $21.69. The company has a market cap of $1.27 billion, a PE ratio of 13.82 and a beta of 0.96. Capital Southwest Corporation has a one year low of $17.46 and a one year high of $25.90.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The company had revenue of $55.95 million during the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, equities 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 announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. Capital Southwest’s payout ratio is presently 140.61%.

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.