Capital Southwest Corporation (NASDAQ:CSWC) Declares Monthly Dividend of $0.19

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, November 19th. Investors of record on Thursday, January 15th will be given a dividend of 0.1934 per share by the asset manager on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Thursday, January 15th.

Capital Southwest has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Capital Southwest has a dividend payout ratio of 99.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Stock Performance

Shares of Capital Southwest stock traded up $0.22 during trading hours on Thursday, reaching $20.72. The company’s stock had a trading volume of 109,469 shares, compared to its average volume of 581,687. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.19 and a current ratio of 0.19. The company’s 50 day simple moving average is $21.18 and its 200 day simple moving average is $21.71. Capital Southwest has a one year low of $17.46 and a one year high of $23.86. The stock has a market cap of $1.19 billion, a P/E ratio of 12.55 and a beta of 0.94.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company 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 quarter in the previous year, the company posted $0.66 earnings per share. As a group, analysts expect that Capital Southwest will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Capital Southwest

Several hedge funds and other institutional investors have recently bought and sold shares of CSWC. Kingstone Capital Partners Texas LLC bought a new stake in shares of Capital Southwest in the 2nd quarter worth approximately $311,170,000. Columbus Macro LLC acquired a new position in Capital Southwest in the second quarter worth approximately $6,407,000. Cetera Investment Advisers increased its holdings in shares of Capital Southwest by 402.8% in the second quarter. Cetera Investment Advisers now owns 361,722 shares of the asset manager’s stock valued at $7,972,000 after buying an additional 289,778 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Capital Southwest by 246.5% in the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock valued at $5,751,000 after buying an additional 183,313 shares in the last quarter. Finally, HRT Financial LP lifted its position in shares of Capital Southwest by 176.0% during the 2nd quarter. HRT Financial LP now owns 242,080 shares of the asset manager’s stock valued at $5,335,000 after acquiring an additional 154,384 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors.

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.