Capital Southwest Corporation (NASDAQ:CSWC) Stock Position Decreased by Dearborn Partners LLC

Dearborn Partners LLC decreased its stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 2.8% during the first quarter, HoldingsChannel.com reports. The fund owned 18,424 shares of the asset manager’s stock after selling 531 shares during the period. Dearborn Partners LLC’s holdings in Capital Southwest were worth $411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in Capital Southwest in the 4th quarter valued at $33,000. Quarry LP grew its stake in Capital Southwest by 52.5% in the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 732 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Capital Southwest by 243.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 1,571 shares during the period. Garde Capital Inc. acquired a new position in shares of Capital Southwest during the first quarter worth about $54,000. Finally, Capital Analysts LLC boosted its position in shares of Capital Southwest by 35.6% during the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager’s stock worth $56,000 after buying an additional 669 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Performance

NASDAQ CSWC opened at $22.86 on Thursday. The company has a 50-day simple moving average of $21.90 and a two-hundred day simple moving average of $21.72. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.58. Capital Southwest Corporation has a 12-month low of $17.46 and a 12-month high of $26.00. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 15.45 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). Capital Southwest had a return on equity of 14.40% and a net margin of 34.51%. The company had revenue of $52.34 million during the quarter, compared to the consensus estimate of $52.83 million. During the same period in the previous year, the company earned $0.68 earnings per share. On average, equities analysts forecast that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.1934 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.15%. The ex-dividend date of this dividend is Monday, September 15th. Capital Southwest’s dividend payout ratio (DPR) is currently 156.76%.

Analysts Set New Price Targets

CSWC has been the topic of several research analyst reports. B. Riley upgraded Capital Southwest to a “strong-buy” rating in a research note on Monday, June 16th. Wall Street Zen raised Capital Southwest from a “sell” rating to a “hold” rating in a report on Saturday, April 19th. Citizens Jmp raised Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Tuesday, June 24th. Citigroup raised Capital Southwest to an “outperform” rating in a research report on Tuesday, June 24th. Finally, Raymond James Financial decreased their target price on Capital Southwest from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Capital Southwest currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Capital Southwest Profile

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, industry consolidation, recapitalizations and growth capital investments.