Garde Capital Inc. Takes $54,000 Position in Capital Southwest Corporation (NASDAQ:CSWC)

Garde Capital Inc. bought a new stake in Capital Southwest Corporation (NASDAQ:CSWC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,401 shares of the asset manager’s stock, valued at approximately $54,000.

A number of other institutional investors also recently modified their holdings of the company. Sanders Morris Harris LLC raised its stake in shares of Capital Southwest by 75.9% in the first quarter. Sanders Morris Harris LLC now owns 1,433,064 shares of the asset manager’s stock valued at $31,986,000 after acquiring an additional 618,480 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Capital Southwest in the fourth quarter valued at approximately $21,846,000. Two Sigma Advisers LP increased its holdings in shares of Capital Southwest by 17.3% in the fourth quarter. Two Sigma Advisers LP now owns 774,600 shares of the asset manager’s stock valued at $16,902,000 after purchasing an additional 114,000 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Capital Southwest by 42.2% in the fourth quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager’s stock valued at $14,702,000 after purchasing an additional 200,060 shares in the last quarter. Finally, Zuckerman Investment Group LLC increased its holdings in shares of Capital Southwest by 4.8% in the fourth quarter. Zuckerman Investment Group LLC now owns 672,468 shares of the asset manager’s stock valued at $14,983,000 after purchasing an additional 31,009 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

CSWC opened at $21.24 on Friday. The company has a fifty day moving average price of $20.56 and a two-hundred day moving average price of $21.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.18 and a current ratio of 0.18. Capital Southwest Corporation has a 52 week low of $17.46 and a 52 week high of $27.23. The firm has a market capitalization of $1.14 billion, a PE ratio of 14.35 and a beta of 0.94.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Wednesday, May 14th. The asset manager reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). Capital Southwest had a return on equity of 14.40% and a net margin of 34.51%. The business had revenue of $52.34 million for the quarter, compared to analyst estimates of $52.83 million. During the same period in the prior year, the firm posted $0.68 EPS. As a group, analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.1934 per share. This represents a $2.32 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date is Monday, September 15th. Capital Southwest’s dividend payout ratio is presently 156.76%.

Analyst Ratings Changes

CSWC has been the subject of a number of research reports. Raymond James Financial lowered their price target on shares of Capital Southwest from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, May 16th. UBS Group lowered their price target 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. Wall Street Zen raised shares of Capital Southwest from a “sell” rating to a “hold” rating in a report on Saturday, April 19th. Finally, B. Riley raised shares of Capital Southwest to a “strong-buy” rating in a report on Monday, June 16th.

Capital Southwest 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.