Hodges Capital Management Inc. Increases Stock Position in Capital Southwest Corporation $CSWC

Hodges Capital Management Inc. boosted its position in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 15.6% in the second quarter, Holdings Channel.com reports. The firm owned 106,045 shares of the asset manager’s stock after acquiring an additional 14,285 shares during the period. Hodges Capital Management Inc.’s holdings in Capital Southwest were worth $2,337,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its stake in Capital Southwest by 54.3% during the first quarter. Raymond James Financial Inc. now owns 300,600 shares of the asset manager’s stock valued at $6,709,000 after purchasing an additional 105,845 shares during the last quarter. Cozad Asset Management Inc. boosted its holdings in shares of Capital Southwest by 12.7% in the 1st quarter. Cozad Asset Management Inc. now owns 47,151 shares of the asset manager’s stock valued at $1,052,000 after buying an additional 5,317 shares during the period. Denali Advisors LLC boosted its holdings in shares of Capital Southwest by 11.4% in the 1st quarter. Denali Advisors LLC now owns 116,404 shares of the asset manager’s stock valued at $2,598,000 after buying an additional 11,908 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Capital Southwest by 246.5% during the 1st 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 during the last quarter. Finally, Muzinich & Co. Inc. raised its stake in Capital Southwest by 24.4% during the first quarter. Muzinich & Co. Inc. now owns 137,371 shares of the asset manager’s stock worth $3,066,000 after acquiring an additional 26,949 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CSWC shares. Loop Capital restated a “buy” rating and issued a $23.00 target price on shares of Capital Southwest in a research note on Wednesday. Zacks Research downgraded Capital Southwest from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Raymond James Financial downgraded Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a research report on Wednesday, October 8th. Finally, B. Riley boosted their price target on shares of Capital Southwest from $23.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.64.

Capital Southwest Stock Up 2.0%

CSWC opened at $20.77 on Monday. The stock’s 50 day moving average price is $21.53 and its 200 day moving average price is $21.70. 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 stock has a market cap of $1.19 billion, a P/E ratio of 12.59 and a beta of 0.94. Capital Southwest Corporation has a 12 month low of $17.46 and a 12 month high of $23.86.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $56.95 million during the quarter, compared to the consensus estimate of $55.37 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.During the same period in the previous year, the company posted $0.66 EPS. As a group, research analysts predict that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid 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 yield of 1.2%. Capital Southwest’s dividend payout ratio (DPR) is presently 144.10%.

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.