Capital Southwest (NASDAQ:CSWC) Sees Large Volume Increase

Shares of Capital Southwest Co. (NASDAQ:CSWC) saw an uptick in trading volume on Wednesday . 153,355 shares traded hands during mid-day trading, a decline of 50% from the previous session’s volume of 305,352 shares.The stock last traded at $22.56 and had previously closed at $22.40.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSWC. JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Capital Southwest in a report on Friday, August 18th. StockNews.com assumed coverage on Capital Southwest in a research note on Thursday, August 17th. They set a “hold” rating for the company. TheStreet raised Capital Southwest from a “c” rating to a “b-” rating in a research note on Tuesday, June 13th. Finally, Raymond James raised their price objective on Capital Southwest from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Capital Southwest Trading Down 3.2 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.12 and a quick ratio of 0.12. The company has a fifty day moving average of $21.58 and a 200-day moving average of $19.44. The firm has a market capitalization of $877.70 million, a PE ratio of 13.40 and a beta of 1.20.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, August 7th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $40.36 million for the quarter, compared to the consensus estimate of $38.90 million. Capital Southwest had a return on equity of 14.28% and a net margin of 39.67%. On average, sell-side analysts anticipate that Capital Southwest Co. will post 2.6 earnings per share for the current fiscal year.

Capital Southwest Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.62 dividend. This is an increase from Capital Southwest’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 11.29%. The ex-dividend date is Thursday, September 14th. Capital Southwest’s dividend payout ratio (DPR) is currently 131.71%.

Institutional Investors Weigh In On Capital Southwest

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Research Inc. grew its position in Capital Southwest by 1.4% during the fourth quarter. Advisory Research Inc. now owns 36,466 shares of the asset manager’s stock worth $624,000 after buying an additional 520 shares in the last quarter. Good Life Advisors LLC grew its position in Capital Southwest by 4.4% during the fourth quarter. Good Life Advisors LLC now owns 12,903 shares of the asset manager’s stock worth $221,000 after buying an additional 545 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Capital Southwest by 3.1% during the first quarter. PNC Financial Services Group Inc. now owns 20,583 shares of the asset manager’s stock worth $488,000 after purchasing an additional 611 shares during the period. Confluence Investment Management LLC lifted its stake in Capital Southwest by 0.7% during the second quarter. Confluence Investment Management LLC now owns 96,256 shares of the asset manager’s stock worth $1,898,000 after purchasing an additional 693 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in Capital Southwest by 10.3% during the first quarter. Great West Life Assurance Co. Can now owns 7,765 shares of the asset manager’s stock worth $196,000 after purchasing an additional 726 shares during the period. 20.58% of the stock is owned by institutional investors and hedge funds.

About Capital Southwest

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.