Greenland Capital Management LP Takes Position in Capital Southwest Corporation $CSWC

Greenland Capital Management LP bought a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,000 shares of the asset manager’s stock, valued at approximately $689,000.

Other hedge funds also recently bought and sold shares of the company. Triumph Capital Management bought a new position in Capital Southwest in the 3rd quarter worth $28,000. Allied Private Wealth LLC bought a new stake in Capital Southwest during the second quarter valued at about $37,000. Tower Research Capital LLC TRC lifted its position in shares of Capital Southwest by 13,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 1,863 shares in the last quarter. Osbon Capital Management LLC purchased a new position in shares of Capital Southwest in the fourth quarter valued at about $55,000. Finally, CENTRAL TRUST Co purchased a new position in shares of Capital Southwest in the first quarter valued at about $60,000. Institutional investors own 23.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSWC shares. B. Riley Financial increased their target price on Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Citizens Jmp upped their price target on Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 5th. Finally, Citigroup restated a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.60.

Capital Southwest Stock Performance

Shares of NASDAQ CSWC opened at $24.96 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $1.59 billion, a P/E ratio of 13.79 and a beta of 0.69. The firm’s fifty day moving average is $23.93 and its two-hundred day moving average is $23.29. Capital Southwest Corporation has a 52-week low of $19.37 and a 52-week high of $25.37.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. The business had revenue of $61.05 million for the quarter, compared to analysts’ expectations of $61.22 million. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, analysts anticipate that Capital Southwest Corporation will post 2.27 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1934 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Tuesday, September 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.