Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) Director Ramona Lynn Rogers-Windsor acquired 500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price of $23.07 per share, with a total value of $11,535.00. Following the completion of the transaction, the director now directly owns 16,157 shares of the company's stock, valued at $372,741.99. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Capital Southwest Trading Up 2.4 %
CSWC opened at $23.31 on Friday. Capital Southwest Co. has a 52 week low of $21.54 and a 52 week high of $27.23. The business has a fifty day simple moving average of $25.03 and a 200-day simple moving average of $25.46. The firm has a market cap of $1.11 billion, a P/E ratio of 14.21 and a beta of 1.25. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35.
Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The business had revenue of $48.71 million during the quarter, compared to analyst estimates of $49.79 million. During the same period last year, the business posted $0.69 earnings per share. On average, equities analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current year.
Capital Southwest Cuts Dividend
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.63 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a yield of 10.81%. Capital Southwest's dividend payout ratio (DPR) is presently 141.46%.
Analyst Upgrades and Downgrades
Separately, B. Riley increased their price objective on Capital Southwest from $24.00 to $24.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th.
Get Our Latest Research Report on CSWC
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its holdings in Capital Southwest by 8.8% in the third quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager's stock valued at $29,483,000 after purchasing an additional 92,936 shares during the period. Sound Income Strategies LLC boosted its holdings in Capital Southwest by 1.2% in the third quarter. Sound Income Strategies LLC now owns 562,079 shares of the asset manager's stock valued at $14,215,000 after purchasing an additional 6,692 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Capital Southwest by 146.7% in the third quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager's stock valued at $9,804,000 after purchasing an additional 230,513 shares during the period. Tectonic Advisors LLC boosted its holdings in Capital Southwest by 17.3% in the third quarter. Tectonic Advisors LLC now owns 328,834 shares of the asset manager's stock valued at $8,316,000 after purchasing an additional 48,442 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Capital Southwest by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 171,087 shares of the asset manager's stock valued at $4,270,000 after purchasing an additional 7,855 shares during the period. 23.42% of the stock is currently owned by hedge funds and other institutional investors.
About Capital Southwest
(
Get Free Report)
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.
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