Empirical Finance LLC Lowers Position in Capital Southwest Corporation $CSWC

Empirical Finance LLC lowered its stake in Capital Southwest Corporation (NASDAQ:CSWC) by 15.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 525,500 shares of the asset manager’s stock after selling 93,366 shares during the quarter. Empirical Finance LLC owned about 0.82% of Capital Southwest worth $12,491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leonteq Securities AG raised its position in shares of Capital Southwest by 11.1% during the 1st quarter. Leonteq Securities AG now owns 7,000 shares of the asset manager’s stock valued at $155,000 after buying an additional 700 shares in the last quarter. Dearborn Partners LLC grew its position in Capital Southwest by 4.5% in the fourth quarter. Dearborn Partners LLC now owns 19,999 shares of the asset manager’s stock worth $443,000 after acquiring an additional 864 shares in the last quarter. Vident Advisory LLC grew its position in Capital Southwest by 6.1% in the second quarter. Vident Advisory LLC now owns 19,087 shares of the asset manager’s stock worth $421,000 after acquiring an additional 1,090 shares in the last quarter. Symphony Financial Ltd. Co. increased its stake in Capital Southwest by 2.9% during the second quarter. Symphony Financial Ltd. Co. now owns 42,154 shares of the asset manager’s stock worth $991,000 after acquiring an additional 1,185 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in Capital Southwest during the third quarter worth approximately $28,000. 23.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSWC has been the subject of several analyst reports. Citizens Jmp raised their price objective 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. Citigroup reissued a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. B. Riley Financial increased their price target on Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Capital Southwest has an average rating of “Moderate Buy” and a consensus target price of $23.60.

Capital Southwest Trading Down 0.9%

NASDAQ:CSWC traded down $0.23 during mid-day trading on Tuesday, hitting $24.35. 775,292 shares of the stock traded hands, compared to its average volume of 661,246. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a 52 week low of $19.37 and a 52 week high of $25.75. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.45 and a beta of 0.70. The firm’s 50 day moving average is $24.35 and its two-hundred day moving average is $23.44.

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

Capital Southwest Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.1934 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Capital Southwest’s payout ratio is currently 128.18%.

Capital Southwest 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.