Capital Southwest Co. (NASDAQ:CSWC) Announces $0.19 Jul 25 Dividend

Capital Southwest Co. (NASDAQ:CSWC) announced a jul 25 dividend on Wednesday, June 11th, RTT News reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.1934 per share by the asset manager on Thursday, July 31st.

Capital Southwest has a payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Stock Down 0.4%

Shares of NASDAQ:CSWC opened at $21.22 on Thursday. Capital Southwest has a 52-week low of $17.46 and a 52-week high of $27.23. The firm has a market capitalization of $1.14 billion, a P/E ratio of 15.05 and a beta of 0.94. The stock has a 50 day moving average price of $20.25 and a 200-day moving average price of $21.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.18 and a current ratio of 0.18.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Wednesday, May 14th. The asset manager reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. The business had revenue of $52.34 million for the quarter, compared to the consensus estimate of $52.83 million. During the same quarter last year, the firm posted $0.68 EPS. As a group, equities research analysts anticipate that Capital Southwest will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Capital Southwest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in shares of Capital Southwest by 246.5% in the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after purchasing an additional 183,313 shares during the last quarter. Royal Bank of Canada lifted its position in Capital Southwest by 13.4% during the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock valued at $1,544,000 after purchasing an additional 8,188 shares during the period. Finally, Caxton Associates LLP bought a new position in Capital Southwest during the first quarter valued at approximately $318,000. 23.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CSWC shares. Wall Street Zen upgraded Capital Southwest from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. UBS Group reduced their price objective on shares of Capital Southwest from $23.50 to $20.50 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Finally, Raymond James reduced their price objective on shares of Capital Southwest from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th.

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.