Redmont Wealth Advisors LLC Purchases New Position in Capital Southwest Corporation $CSWC

Redmont Wealth Advisors LLC acquired a new position in Capital Southwest Corporation (NASDAQ:CSWC) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 67,876 shares of the asset manager’s stock, valued at approximately $1,484,000. Capital Southwest makes up 2.1% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP boosted its holdings in shares of Capital Southwest by 58.4% in the third quarter. GSA Capital Partners LLP now owns 28,309 shares of the asset manager’s stock worth $619,000 after acquiring an additional 10,435 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Capital Southwest by 200.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,309 shares of the asset manager’s stock valued at $553,000 after purchasing an additional 16,886 shares during the period. Naviter Wealth LLC lifted its holdings in Capital Southwest by 2.6% during the 3rd quarter. Naviter Wealth LLC now owns 102,757 shares of the asset manager’s stock worth $2,246,000 after purchasing an additional 2,652 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Capital Southwest by 11.3% in the 3rd quarter. Wedbush Securities Inc. now owns 13,043 shares of the asset manager’s stock worth $285,000 after purchasing an additional 1,320 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Capital Southwest by 9.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 122,635 shares of the asset manager’s stock valued at $2,681,000 after buying an additional 10,124 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CSWC shares. Noble Financial raised shares of Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Loop Capital reiterated a “buy” rating and issued a $23.00 target price on shares of Capital Southwest in a research note on Wednesday, November 5th. Capital One Financial set a $22.00 price target on shares of Capital Southwest in a report on Tuesday, November 4th. Weiss Ratings raised shares of Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 28th. Finally, Zacks Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital Southwest presently has a consensus rating of “Moderate Buy” and an average price target of $23.42.

Capital Southwest Trading Up 0.2%

Shares of Capital Southwest stock opened at $23.02 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.15 and a quick ratio of 0.15. Capital Southwest Corporation has a 1 year low of $17.46 and a 1 year high of $23.84. The firm has a market cap of $1.38 billion, a PE ratio of 12.72 and a beta of 0.76. The company has a 50 day simple moving average of $22.71 and a two-hundred day simple moving average of $22.06.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, February 2nd. The asset manager reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. Capital Southwest had a net margin of 45.46% and a return on equity of 13.76%. The firm had revenue of $61.45 million for the quarter, compared to analysts’ expectations of $57.37 million. During the same quarter last year, the company posted $0.63 EPS. Analysts expect that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

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.