Empowered Funds LLC Invests $12.50 Million in Capital Southwest Corporation $CSWC

Empowered Funds LLC bought a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 525,697 shares of the asset manager’s stock, valued at approximately $12,496,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in 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 shares of Capital Southwest during the 2nd quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in shares of Capital Southwest by 13,307.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after buying an additional 1,863 shares during the period. Osbon Capital Management LLC purchased a new position in shares of Capital Southwest during the fourth quarter valued at about $55,000. Finally, CENTRAL TRUST Co bought a new position in Capital Southwest in the first quarter worth about $60,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CSWC shares. B. Riley Financial raised their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Citizens Jmp increased their target price on Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and an average target price of $23.60.

Capital Southwest Price Performance

Shares of NASDAQ CSWC opened at $25.47 on Friday. The company has a 50 day simple moving average of $24.16 and a two-hundred day simple moving average of $23.37. Capital Southwest Corporation has a fifty-two week low of $19.37 and a fifty-two week high of $25.74. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 14.07 and a beta of 0.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17.

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

Capital Southwest Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.1934 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Capital Southwest’s payout ratio is presently 128.18%.

Capital Southwest Company 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.