Capital Southwest (NASDAQ:CSWC) Sees Large Volume Increase – Here’s Why

Capital Southwest Co. (NASDAQ:CSWC) shares saw strong trading volume on Tuesday . 355,240 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 302,880 shares.The stock last traded at $22.29 and had previously closed at $22.33.

Analyst Ratings Changes

Separately, B. Riley boosted their target price on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Capital Southwest Stock Up 1.2 %

The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The business’s 50 day moving average is $25.06 and its 200-day moving average is $25.48.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The business had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. During the same period in the previous year, the company posted $0.69 earnings per share. Equities analysts anticipate that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.63 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.52 annualized dividend and a dividend yield of 11.07%. Capital Southwest’s payout ratio is 141.46%.

Hedge Funds Weigh In On Capital Southwest

Large investors have recently bought and sold shares of the stock. Muzinich & Co. Inc. raised its holdings in Capital Southwest by 4.0% in the 3rd quarter. Muzinich & Co. Inc. now owns 106,072 shares of the asset manager’s stock valued at $2,683,000 after acquiring an additional 4,117 shares in the last quarter. Dearborn Partners LLC boosted its stake in Capital Southwest by 8.0% during the third quarter. Dearborn Partners LLC now owns 19,681 shares of the asset manager’s stock worth $498,000 after buying an additional 1,457 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Capital Southwest by 4.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 102,879 shares of the asset manager’s stock valued at $2,602,000 after buying an additional 4,117 shares during the period. Hollencrest Capital Management raised its stake in shares of Capital Southwest by 8.6% in the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock valued at $165,000 after buying an additional 518 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of Capital Southwest by 1.3% in the 3rd quarter. Confluence Investment Management LLC now owns 98,463 shares of the asset manager’s stock valued at $2,490,000 after buying an additional 1,251 shares in the last quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Company 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.