Empirical Finance LLC Purchases New Stake in Capital Southwest Corporation $CSWC

Empirical Finance LLC acquired a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 618,866 shares of the asset manager’s stock, valued at approximately $13,689,000. Capital Southwest accounts for approximately 0.6% of Empirical Finance LLC’s portfolio, making the stock its 29th largest position.

Several other large investors have also recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in Capital Southwest in the third quarter valued at $28,000. Tower Research Capital LLC TRC grew its stake in shares of 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 worth $41,000 after purchasing an additional 1,863 shares during the period. Osbon Capital Management LLC acquired a new position in shares of Capital Southwest during the 4th quarter worth $55,000. CENTRAL TRUST Co purchased a new position in shares of Capital Southwest in the 1st quarter valued at about $60,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Capital Southwest by 197.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,654 shares of the asset manager’s stock valued at $103,000 after purchasing an additional 3,088 shares in the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of CSWC stock opened at $23.45 on Friday. The stock has a fifty day moving average price of $23.44 and a 200 day moving average price of $23.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $1.46 billion, a PE ratio of 12.34 and a beta of 0.70. Capital Southwest Corporation has a 1 year low of $19.37 and a 1 year high of $24.43.

Capital Southwest Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1934 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Capital Southwest’s payout ratio is 122.11%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. B. Riley Financial boosted their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and an average target price of $23.20.

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.