Greenland Capital Management LP Takes Position in Capital Southwest Corporation $CSWC

Greenland Capital Management LP purchased a new position in Capital Southwest Corporation (NASDAQ:CSWC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,000 shares of the asset manager’s stock, valued at approximately $689,000.

Several other large investors also recently modified their holdings of CSWC. Triumph Capital Management bought a new position in Capital Southwest in the third quarter valued at about $28,000. Allied Private Wealth LLC purchased a new position in Capital Southwest in the second quarter worth about $37,000. Tower Research Capital LLC TRC grew its stake in shares of Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 1,863 shares during the period. Osbon Capital Management LLC bought a new stake in shares of Capital Southwest during the 4th quarter valued at about $55,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Capital Southwest during the 1st quarter valued at about $60,000. Institutional investors own 23.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSWC shares. B. Riley Financial increased their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Citigroup restated a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Finally, Citizens Jmp upped their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.60.

Capital Southwest Price Performance

NASDAQ CSWC opened at $24.96 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 13.79 and a beta of 0.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17. The business’s fifty day moving average is $23.93 and its 200 day moving average is $23.29. Capital Southwest Corporation has a fifty-two week low of $19.37 and a fifty-two week high of $25.37.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The business had revenue of $61.05 million during the quarter, compared to analyst estimates of $61.22 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Sell-side analysts predict that Capital Southwest Corporation will post 2.27 earnings per share for the current year.

Capital Southwest Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid 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 9.3%. Capital Southwest’s payout ratio is 128.18%.

Capital Southwest Company 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.