Columbus Macro LLC Acquires 23,177 Shares of Capital Southwest Corporation $CSWC

Columbus Macro LLC boosted its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 6.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 398,048 shares of the asset manager’s stock after acquiring an additional 23,177 shares during the quarter. Columbus Macro LLC’s holdings in Capital Southwest were worth $9,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in Capital Southwest during the 1st quarter worth $13,694,000. Empirical Finance LLC acquired a new position in shares of Capital Southwest in the 1st quarter valued at $13,689,000. Legal & General Group Plc acquired a new position in shares of Capital Southwest in the 2nd quarter valued at $11,886,000. Van ECK Associates Corp boosted its position in shares of Capital Southwest by 35.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,526,667 shares of the asset manager’s stock worth $36,289,000 after purchasing an additional 399,106 shares during the last quarter. Finally, Melia Wealth LLC bought a new position in shares of Capital Southwest in the 2nd quarter worth $8,979,000. 23.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CSWC. UBS Group lifted their price objective on Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Weiss Ratings lowered Capital Southwest from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Citizens Jmp increased their target price 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 restated a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Finally, B. Riley Financial raised their target price on Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.10.

Capital Southwest Trading Down 0.3%

Shares of NASDAQ CSWC traded down $0.08 during midday trading on Wednesday, reaching $23.42. 445,379 shares of the stock were exchanged, compared to its average volume of 646,357. Capital Southwest Corporation has a 12 month low of $19.91 and a 12 month high of $25.75. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.94 and a beta of 0.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.17 and a quick ratio of 0.17. The business has a 50-day simple moving average of $24.24 and a two-hundred day simple moving average of $23.69.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $61.22 million. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, equities research analysts expect that Capital Southwest Corporation will post 2.27 EPS for the current year.

Capital Southwest Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.1934 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.32 annualized dividend and a yield of 9.9%. Capital Southwest’s payout ratio is currently 128.18%.

Insiders Place Their Bets

In other Capital Southwest news, Director William Thomas, III bought 2,170 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average cost of $23.04 per share, with a total value of $49,996.80. Following the completion of the purchase, the director owned 22,842 shares in the company, valued at approximately $526,279.68. The trade was a 10.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

Capital Southwest Profile

Capital Southwest Corporation (NASDAQ: CSWC) is an internally managed business development company (BDC) that provides financing and investment solutions to middle-market companies. The company primarily invests in privately held businesses through secured debt, including first-lien, second-lien and unitranche loans, as well as subordinated debt and equity investments.

Capital Southwest generally focuses on established lower-middle-market companies in the United States. Its portfolio companies operate across a range of industries, and the company seeks to support acquisitions, recapitalizations, growth initiatives and other strategic or general corporate purposes through customized financing arrangements.

Founded in 1961, Capital Southwest has a long history as an investment company and operates under the regulatory framework governing BDCs.