Capital Southwest Co. (NASDAQ:CSWC) Plans $0.19 Jul 25 Dividend

Capital Southwest Co. (NASDAQ:CSWC) declared a jul 25 dividend on Wednesday, June 11th, RTT News reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.1934 per share by the asset manager on Thursday, July 31st.

Capital Southwest has a payout ratio of 99.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Stock Performance

Shares of CSWC stock opened at $21.22 on Thursday. The firm’s 50-day simple moving average is $20.25 and its two-hundred day simple moving average is $21.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.18 and a current ratio of 0.18. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $27.23. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 15.05 and a beta of 0.94.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The firm had revenue of $52.34 million during the quarter, compared to the consensus estimate of $52.83 million. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. During the same quarter in the prior year, the firm posted $0.68 earnings per share. As a group, equities analysts forecast that Capital Southwest will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSWC. UBS Group cut their price objective on shares of Capital Southwest from $23.50 to $20.50 and set a “neutral” rating for the company in a report on Thursday, April 17th. Raymond James decreased their price objective on Capital Southwest from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Finally, Wall Street Zen raised Capital Southwest from a “sell” rating to a “hold” rating in a report on Saturday, April 19th.

Hedge Funds Weigh In On Capital Southwest

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caxton Associates LLP purchased a new stake in shares of Capital Southwest during the first quarter valued at approximately $318,000. Royal Bank of Canada raised its holdings in Capital Southwest by 13.4% during the 1st quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock valued at $1,544,000 after buying an additional 8,188 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Capital Southwest by 246.5% in the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock valued at $5,751,000 after acquiring an additional 183,313 shares during the period. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Company Profile

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.