First Dallas Securities Inc. Grows Holdings in Capital Southwest Corporation $CSWC

First Dallas Securities Inc. grew its stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 7.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,102 shares of the asset manager’s stock after purchasing an additional 5,177 shares during the quarter. First Dallas Securities Inc.’s holdings in Capital Southwest were worth $1,699,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP bought a new stake in Capital Southwest during the 2nd quarter valued at about $101,000. Wedbush Securities Inc. purchased a new position in shares of Capital Southwest in the second quarter worth $258,000. First Horizon Advisors Inc. lifted its stake in shares of Capital Southwest by 1,214.0% during the second quarter. First Horizon Advisors Inc. now owns 2,628 shares of the asset manager’s stock worth $58,000 after buying an additional 2,428 shares during the period. Muzinich & Co. Inc. lifted its stake in shares of Capital Southwest by 64.4% during the second quarter. Muzinich & Co. Inc. now owns 225,790 shares of the asset manager’s stock worth $4,976,000 after buying an additional 88,419 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Capital Southwest during the second quarter valued at $1,063,000. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Stock Up 2.0%

CSWC opened at $20.77 on Monday. The company has a fifty day moving average of $21.53 and a two-hundred day moving average of $21.70. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.59 and a beta of 0.94. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $23.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.19 and a current ratio of 0.19.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, November 3rd. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The business had revenue of $56.95 million for the quarter, compared to analyst estimates of $55.37 million. During the same quarter last year, the business earned $0.66 earnings per share. On average, research analysts expect that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.06 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. Capital Southwest’s payout ratio is 144.10%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Capital One Financial set a $22.00 target price on Capital Southwest in a research note on Tuesday, November 4th. B. Riley increased their price objective on Capital Southwest from $23.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 8th. UBS Group decreased their target price on Capital Southwest from $23.00 to $21.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Loop Capital reiterated a “buy” rating and issued a $23.00 target price on shares of Capital Southwest in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.64.

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.