Capital Southwest Corporation $CSWC Stock Purchased by Columbus Macro LLC

Columbus Macro LLC raised its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 398,048 shares of the asset manager’s stock after purchasing an additional 23,177 shares during the quarter. Columbus Macro LLC owned approximately 0.62% of Capital Southwest worth $9,207,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CSWC. Womack Financial LLC boosted its stake in Capital Southwest by 3.8% in the third quarter. Womack Financial LLC now owns 239,347 shares of the asset manager’s stock worth $5,536,000 after purchasing an additional 8,809 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of Capital Southwest by 9.7% in the third quarter. Confluence Investment Management LLC now owns 104,570 shares of the asset manager’s stock valued at $2,419,000 after buying an additional 9,208 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Capital Southwest in the second quarter valued at $210,000. Arlington Capital Management Inc. increased its stake in shares of Capital Southwest by 12.2% in the second quarter. Arlington Capital Management Inc. now owns 24,202 shares of the asset manager’s stock valued at $575,000 after buying an additional 2,637 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Capital Southwest by 12.5% in the second quarter. Squarepoint Ops LLC now owns 10,845 shares of the asset manager’s stock valued at $258,000 after buying an additional 1,208 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSWC. Citigroup reiterated a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Citizens Jmp raised their price objective on shares of Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 5th. B. Riley Financial boosted their target price 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 downgraded shares of Capital Southwest from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, UBS Group upped their target price on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, October 9th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.10.

Capital Southwest Trading Down 0.3%

NASDAQ:CSWC traded down $0.08 during trading hours on Wednesday, hitting $23.42. 445,379 shares of the stock were exchanged, compared to its average volume of 646,357. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.94 and a beta of 0.71. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $24.24 and its two-hundred day moving average is $23.69. Capital Southwest Corporation has a twelve month low of $19.91 and a twelve month high of $25.75.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $61.05 million during the quarter, compared to analysts’ expectations of $61.22 million. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%. During the same period last year, the firm earned $0.61 EPS. On average, sell-side analysts anticipate that Capital Southwest Corporation will post 2.27 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.1934 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.32 annualized dividend and a yield of 9.9%. Capital Southwest’s dividend payout ratio (DPR) is currently 128.18%.

Insider Buying and Selling

In other news, Director William Thomas, III acquired 2,170 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average cost of $23.04 per share, for a total transaction of $49,996.80. Following the completion of the transaction, the director directly owned 22,842 shares in the company, valued at $526,279.68. This trade represents a 10.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Capital Southwest Company Profile

Capital Southwest Corporation (NASDAQ: CSWC) is an internally managed business development company (BDC) that provides financing and investment solutions to middle-market companies. The company primarily invests in privately held businesses through secured debt, including first-lien, second-lien and unitranche loans, as well as subordinated debt and equity investments.

Capital Southwest generally focuses on established lower-middle-market companies in the United States. Its portfolio companies operate across a range of industries, and the company seeks to support acquisitions, recapitalizations, growth initiatives and other strategic or general corporate purposes through customized financing arrangements.

Founded in 1961, Capital Southwest has a long history as an investment company and operates under the regulatory framework governing BDCs.