Navellier & Associates Inc. Makes New Investment in Capital Southwest Corporation $CSWC

Navellier & Associates Inc. acquired a new stake in Capital Southwest Corporation (NASDAQ:CSWC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 38,884 shares of the asset manager’s stock, valued at approximately $924,000.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in Capital Southwest in the first quarter valued at about $13,694,000. Empirical Finance LLC acquired a new stake in Capital Southwest during the first quarter worth about $13,689,000. Legal & General Group Plc bought a new position in Capital Southwest in the 2nd quarter valued at about $11,886,000. Melia Wealth LLC acquired a new position in shares of Capital Southwest in the 2nd quarter valued at approximately $8,979,000. Finally, BlackRock Inc. bought a new stake in shares of Capital Southwest during the 2nd quarter worth approximately $7,140,000. 23.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSWC shares. B. Riley Financial lifted their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Citigroup restated a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday, August 5th. Citizens Jmp lifted their price target on Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.60.

Capital Southwest Trading Up 0.3%

Shares of Capital Southwest stock opened at $25.47 on Friday. The firm has a market capitalization of $1.62 billion, a PE ratio of 14.07 and a beta of 0.69. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $24.16 and its 200 day moving average is $23.37. Capital Southwest Corporation has a 1 year low of $19.37 and a 1 year high of $25.74.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. The business had revenue of $61.05 million during the quarter, compared to the consensus estimate of $61.22 million. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities research analysts forecast that Capital Southwest Corporation will post 2.27 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.1934 per share. The ex-dividend date is Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 9.1%. Capital Southwest’s dividend payout ratio is 128.18%.

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.