Legal & General Group Plc Raises Position in Capital Southwest Corporation $CSWC

Legal & General Group Plc boosted its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 389,580 shares of the asset manager’s stock after purchasing an additional 57,679 shares during the period. Legal & General Group Plc’s holdings in Capital Southwest were worth $8,639,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Royal Bank of Canada increased 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 worth $1,544,000 after buying an additional 8,188 shares during the period. Goldman Sachs Group Inc. boosted 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 valued at $5,751,000 after acquiring an additional 183,313 shares during the period. Caxton Associates LLP purchased a new stake in Capital Southwest during the 1st quarter valued at about $318,000. Creative Planning bought a new position in Capital Southwest during the 2nd quarter worth approximately $201,000. Finally, Invesco Ltd. grew its position in Capital Southwest by 21.8% during the 2nd quarter. Invesco Ltd. now owns 34,003 shares of the asset manager’s stock worth $749,000 after acquiring an additional 6,094 shares during the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial boosted their price objective on Capital Southwest from $24.00 to $24.50 and gave the company a “buy” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Capital Southwest Price Performance

Shares of Capital Southwest stock opened at $23.57 on Friday. The company’s fifty day simple moving average is $23.21 and its two-hundred day simple moving average is $22.63. Capital Southwest Corporation has a 12-month low of $19.37 and a 12-month high of $24.43. The firm has a market cap of $1.46 billion, a PE ratio of 12.40 and a beta of 0.69. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56.

Capital Southwest Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.1934 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.8%. Capital Southwest’s dividend payout ratio (DPR) is presently 122.11%.

About Capital Southwest

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.