Capital Southwest Corporation $CSWC Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY decreased its position in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,597 shares of the asset manager’s stock after selling 2,000 shares during the quarter. Grace & White Inc. NY’s holdings in Capital Southwest were worth $3,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Confluence Investment Management LLC lifted its holdings in shares of Capital Southwest by 0.6% during the second quarter. Confluence Investment Management LLC now owns 102,107 shares of the asset manager’s stock worth $2,250,000 after purchasing an additional 585 shares during the period. Union Bancaire Privee UBP SA lifted its holdings in Capital Southwest by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 14,349 shares of the asset manager’s stock valued at $316,000 after acquiring an additional 694 shares during the period. Apollon Wealth Management LLC lifted its holdings in Capital Southwest by 4.0% in the first quarter. Apollon Wealth Management LLC now owns 21,498 shares of the asset manager’s stock valued at $480,000 after acquiring an additional 817 shares during the period. Signaturefd LLC lifted its holdings in Capital Southwest by 52.0% in the second quarter. Signaturefd LLC now owns 2,483 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 849 shares during the period. Finally, Samalin Investment Counsel LLC lifted its holdings in Capital Southwest by 5.5% in the first quarter. Samalin Investment Counsel LLC now owns 23,955 shares of the asset manager’s stock valued at $535,000 after acquiring an additional 1,251 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Down 2.2%

Capital Southwest stock opened at $19.47 on Friday. The stock has a market capitalization of $1.08 billion, a PE ratio of 11.80 and a beta of 0.95. Capital Southwest Corporation has a 12 month low of $17.46 and a 12 month high of $25.90. The business has a 50 day simple moving average of $22.41 and a 200-day simple moving average of $21.63. 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 posted its quarterly earnings data on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.The business had revenue of $55.95 million during the quarter, compared to analysts’ expectations of $54.36 million. During the same period in the previous year, the business earned $0.69 earnings per share. On average, analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, December 15th. Capital Southwest’s payout ratio is presently 140.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSWC. Raymond James Financial downgraded Capital Southwest from an “outperform” rating to a “market perform” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a report on Wednesday. UBS Group boosted their price target on Capital Southwest from $21.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Citigroup raised Capital Southwest to an “outperform” rating in a report on Tuesday, June 24th. Finally, B. Riley boosted their price target on Capital Southwest from $23.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital Southwest currently has a consensus rating of “Moderate Buy” and an average price target of $24.30.

About Capital Southwest

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.