Capital Southwest Corporation (CSWC) Announces Quarterly Dividend of $0.24
Capital Southwest Corporation (NASDAQ:CSWC) announced a quarterly dividend on Thursday, August 31st, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.24 per share by the asset manager on Monday, October 2nd. This represents a $0.96 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Capital Southwest Corporation’s previous quarterly dividend of $0.21.
Capital Southwest Corporation (CSWC) traded down 1.77% during trading on Thursday, reaching $16.65. The company’s stock had a trading volume of 55,775 shares. The company has a market cap of $266.50 million, a price-to-earnings ratio of 10.10 and a beta of -0.49. The stock’s 50 day moving average is $16.45 and its 200 day moving average is $16.25. Capital Southwest Corporation has a 12 month low of $13.81 and a 12 month high of $17.43.
Capital Southwest Corporation (NASDAQ:CSWC) last announced its earnings results on Wednesday, May 31st. The asset manager reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $7.73 million for the quarter. Capital Southwest Corporation had a net margin of 96.98% and a return on equity of 4.34%. On average, equities analysts expect that Capital Southwest Corporation will post $1.05 EPS for the current fiscal year.
Several brokerages have recently issued reports on CSWC. Zacks Investment Research cut shares of Capital Southwest Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. National Securities reiterated a “buy” rating and set a $22.00 price target on shares of Capital Southwest Corporation in a report on Friday, August 11th. Robert W. Baird initiated coverage on shares of Capital Southwest Corporation in a report on Wednesday. They set an “outperform” rating and a $19.00 price target on the stock. BidaskClub upgraded shares of Capital Southwest Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, National Bank Financial reiterated a “buy” rating and set a $22.00 price target on shares of Capital Southwest Corporation in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.25.
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In other news, Director Thomas Duane Morgan purchased 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average cost of $16.26 per share, for a total transaction of $50,406.00. Following the acquisition, the director now owns 4,395 shares of the company’s stock, valued at approximately $71,462.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John H. Wilson purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were purchased at an average price of $16.30 per share, for a total transaction of $81,500.00. Following the completion of the acquisition, the director now directly owns 17,000 shares in the company, valued at approximately $277,100. The disclosure for this purchase can be found here. Insiders have sold a total of 57,770 shares of company stock worth $994,346 over the last quarter. 5.90% of the stock is currently owned by insiders.
About Capital Southwest Corporation
Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.
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