Legal & General Group Plc Makes New Investment in Capital Southwest Corporation $CSWC

Legal & General Group Plc acquired a new position in shares of Capital Southwest Corporation (NASDAQ:CSWC) during the 2nd quarter, Holdings Channel reports. The fund acquired 499,715 shares of the asset manager’s stock, valued at approximately $11,886,000.

Several other institutional investors have also recently added to or reduced their stakes in CSWC. Womack Financial LLC purchased a new position in Capital Southwest during the second quarter worth about $5,480,000. Quantbot Technologies LP purchased a new stake in Capital Southwest in the 2nd quarter valued at about $1,033,000. Greenland Capital Management LP purchased a new stake in Capital Southwest in the 2nd quarter valued at about $689,000. Empowered Funds LLC acquired a new position in shares of Capital Southwest during the 1st quarter valued at about $13,694,000. Finally, Empirical Finance LLC acquired a new position in shares of Capital Southwest during the 1st quarter valued at about $13,689,000. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Stock Performance

Capital Southwest stock opened at $25.57 on Tuesday. The stock’s 50-day moving average is $24.21 and its 200-day moving average is $23.38. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 14.13 and a beta of 0.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.17 and a quick ratio of 0.17. Capital Southwest Corporation has a 12 month low of $19.37 and a 12 month high of $25.75.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business 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 quarter in the previous year, the business earned $0.61 EPS. Equities analysts anticipate that Capital Southwest Corporation will post 2.27 earnings per share for the current year.

Capital Southwest Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1934 per share. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Capital Southwest’s payout ratio is 128.18%.

Analysts Set New Price Targets

CSWC has been the topic of several research analyst reports. Citigroup reissued a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Citizens Jmp increased their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 5th. B. Riley Financial lifted their price target on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research note on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.60.

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.