Melia Wealth LLC Invests $8.98 Million in Capital Southwest Corporation $CSWC

Melia Wealth LLC bought a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 377,760 shares of the asset manager’s stock, valued at approximately $8,979,000. Capital Southwest accounts for about 5.2% of Melia Wealth LLC’s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors also recently added to or reduced their stakes in CSWC. Triumph Capital Management bought a new position in Capital Southwest in the 3rd quarter worth about $28,000. Allied Private Wealth LLC purchased a new position in Capital Southwest during the 2nd quarter worth $37,000. Tower Research Capital LLC TRC raised its position in Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 1,863 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of Capital Southwest in the 4th quarter worth $55,000. Finally, CENTRAL TRUST Co bought a new position in shares of Capital Southwest during the 1st quarter worth $60,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Trading Up 0.6%

CSWC opened at $25.40 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 14.03 and a beta of 0.69. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a 12 month low of $19.37 and a 12 month high of $25.48. The stock has a fifty day moving average price of $24.11 and a 200-day moving average price of $23.35.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The company had revenue of $61.05 million for the quarter, compared to the consensus estimate of $61.22 million. During the same quarter last year, the company earned $0.61 earnings per share. As a group, equities research analysts anticipate that Capital Southwest Corporation will post 2.27 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.1934 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Tuesday, December 15th. Capital Southwest’s dividend payout ratio (DPR) is currently 128.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSWC. Citizens Jmp raised their price target on Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Citigroup reaffirmed a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday, August 5th. B. Riley Financial raised their target price on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Capital Southwest currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Capital Southwest Company 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.