Foundations Investment Advisors LLC Raises Stock Holdings in Capital Southwest Corporation (NASDAQ:CSWC)

Foundations Investment Advisors LLC increased its stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 5.4% in the first quarter, HoldingsChannel reports. The firm owned 106,671 shares of the asset manager’s stock after buying an additional 5,437 shares during the period. Foundations Investment Advisors LLC’s holdings in Capital Southwest were worth $2,381,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Capital Southwest during the 4th quarter worth $33,000. Quarry LP raised 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 buying an additional 732 shares during the last quarter. Nomura Asset Management Co. Ltd. raised 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 buying an additional 1,571 shares during the last quarter. Garde Capital Inc. purchased a new stake in Capital Southwest in the first quarter valued at about $54,000. Finally, Capital Analysts LLC raised its stake in Capital Southwest by 35.6% in the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager’s stock valued at $56,000 after buying an additional 669 shares during the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Capital Southwest Stock Down 0.0%

Shares of CSWC stock opened at $23.01 on Wednesday. The stock’s 50-day simple moving average is $21.86 and its 200-day simple moving average is $21.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $1.24 billion, a PE ratio of 15.55 and a beta of 0.95. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $26.00.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The firm had revenue of $52.34 million during the quarter, compared to analyst estimates of $52.83 million. Capital Southwest had a net margin of 34.51% and a return on equity of 14.40%. During the same period in the prior year, the company posted $0.68 earnings per share. Equities analysts expect that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.1934 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date of this dividend is Monday, September 15th. Capital Southwest’s dividend payout ratio is presently 156.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CSWC shares. Citigroup upgraded Capital Southwest to an “outperform” rating in a research note on Tuesday, June 24th. JMP Securities upgraded Capital Southwest from a “market perform” rating to a “market outperform” rating and set a $25.00 price target for the company in a research note on Tuesday, June 24th. Raymond James Financial decreased their price target on Capital Southwest from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Citizens Jmp upgraded Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Tuesday, June 24th. Finally, UBS Group increased their price target on Capital Southwest from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.00.

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, industry consolidation, recapitalizations and growth capital investments.