Militia Capital Management LLC Buys New Position in Capital Southwest Corporation $CSWC

Militia Capital Management LLC bought a new stake in Capital Southwest Corporation (NASDAQ:CSWC) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 35,000 shares of the asset manager’s stock, valued at approximately $774,000. Militia Capital Management LLC owned approximately 0.06% of Capital Southwest at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Capital Southwest by 13.4% in the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock valued at $1,544,000 after purchasing an additional 8,188 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Capital Southwest by 246.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after buying an additional 183,313 shares in the last quarter. Caxton Associates LLP acquired a new stake in Capital Southwest during the 1st quarter worth approximately $318,000. Creative Planning purchased a new position in Capital Southwest in the 2nd quarter valued at approximately $201,000. Finally, Invesco Ltd. boosted its position in Capital Southwest by 21.8% in the 2nd quarter. Invesco Ltd. now owns 34,003 shares of the asset manager’s stock valued at $749,000 after buying an additional 6,094 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Wall Street Analyst Weigh In

CSWC has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. B. Riley Financial lifted their target price on Capital Southwest from $24.00 to $24.50 and gave the company a “buy” rating in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and an average price target of $23.20.

Capital Southwest Price Performance

CSWC stock opened at $23.59 on Monday. The company’s 50 day moving average price is $23.49 and its 200 day moving average price is $23.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.11 and a current ratio of 0.11. Capital Southwest Corporation has a fifty-two week low of $19.37 and a fifty-two week high of $24.43. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.42 and a beta of 0.69.

Capital Southwest Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1934 per share. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date is Tuesday, September 15th. Capital Southwest’s payout ratio is 122.11%.

Capital Southwest 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.