Empowered Funds LLC Makes New $13.69 Million Investment in Capital Southwest Corporation $CSWC

Empowered Funds LLC acquired a new stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) during the first quarter, HoldingsChannel reports. The firm acquired 619,098 shares of the asset manager’s stock, valued at approximately $13,694,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Finance LLC bought a new stake in Capital Southwest in the 1st quarter valued at $13,689,000. Militia Capital Management LLC acquired a new position in shares of Capital Southwest in the 1st quarter valued at $774,000. PNC Financial Services Group Inc. lifted its holdings in shares of Capital Southwest by 197.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,654 shares of the asset manager’s stock worth $103,000 after acquiring an additional 3,088 shares during the period. Independent Financial Group LLC bought a new position in shares of Capital Southwest during the 1st quarter worth about $337,000. Finally, Arlington Capital Management Inc. acquired a new stake in shares of Capital Southwest during the 1st quarter valued at about $477,000. 23.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CSWC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research note on Thursday, June 18th. B. Riley Financial lifted their price objective on Capital Southwest from $24.00 to $24.50 and gave the company a “buy” rating in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.20.

Capital Southwest Stock Performance

Capital Southwest stock opened at $23.61 on Thursday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 12.43 and a beta of 0.70. The stock has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $23.13. Capital Southwest Corporation has a 52-week low of $19.37 and a 52-week high of $24.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.11 and a quick ratio of 0.11.

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 dividend of $0.1934 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. Capital Southwest’s dividend payout ratio (DPR) is 122.11%.

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.