113,731 Shares in Capital Southwest Corporation $CSWC Bought by Closed End Fund Advisors Inc.

Closed End Fund Advisors Inc. acquired a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 113,731 shares of the asset manager’s stock, valued at approximately $2,519,000. Capital Southwest comprises approximately 1.5% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSWC. Royal Bank of Canada grew its position in Capital Southwest by 13.4% during the 1st quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock worth $1,544,000 after acquiring an additional 8,188 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 acquiring an additional 183,313 shares during the last quarter. Caxton Associates LLP bought a new stake in Capital Southwest during the 1st quarter worth $318,000. Creative Planning bought a new stake in Capital Southwest during the 2nd quarter worth $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. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of CSWC stock opened at $23.21 on Friday. The stock has a market capitalization of $1.44 billion, a PE ratio of 12.22 and a beta of 0.69. The business’s 50 day simple moving average is $23.24 and its 200 day simple moving average is $22.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.11 and a quick ratio of 0.11. Capital Southwest Corporation has a one year low of $19.37 and a one 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. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1934 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 10.0%. Capital Southwest’s dividend payout ratio (DPR) is presently 122.11%.

Wall Street Analyst Weigh In

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

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.