Capital Southwest Corporation $CSWC Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in Capital Southwest Corporation (NASDAQ:CSWC) by 2.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 290,762 shares of the asset manager’s stock after selling 7,861 shares during the period. Franklin Resources Inc.’s holdings in Capital Southwest were worth $6,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CSWC. Cetera Investment Advisers raised its position in Capital Southwest by 34.4% in the 1st quarter. Cetera Investment Advisers now owns 71,944 shares of the asset manager’s stock valued at $1,606,000 after purchasing an additional 18,420 shares during the last quarter. LPL Financial LLC increased its stake in Capital Southwest by 16.9% in the first quarter. LPL Financial LLC now owns 197,678 shares of the asset manager’s stock valued at $4,412,000 after purchasing an additional 28,624 shares during the period. Argent Trust Co raised its holdings in shares of Capital Southwest by 3.6% in the first quarter. Argent Trust Co now owns 80,816 shares of the asset manager’s stock valued at $1,804,000 after buying an additional 2,818 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Capital Southwest during the first quarter worth about $621,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of Capital Southwest by 2.9% during the first quarter. Benjamin Edwards Inc. now owns 84,780 shares of the asset manager’s stock worth $1,892,000 after buying an additional 2,405 shares during the period. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Capital Southwest Stock Down 0.0%

CSWC opened at $21.56 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. Capital Southwest Corporation has a 12 month low of $17.46 and a 12 month high of $23.86. The stock has a market capitalization of $1.24 billion, a P/E ratio of 13.07 and a beta of 0.94. The business has a 50 day simple moving average of $20.97 and a 200-day simple moving average of $21.76.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, November 3rd. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.The business had revenue of $56.95 million during the quarter, compared to analysts’ expectations of $55.37 million. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.1934 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 10.8%. Capital Southwest’s dividend payout ratio (DPR) is 144.10%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CSWC shares. Noble Financial raised Capital Southwest to a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Capital Southwest in a report on Monday, November 24th. B. Riley increased their price target on Capital Southwest from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 8th. UBS Group lowered their price objective on shares of Capital Southwest from $23.00 to $21.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Raymond James Financial downgraded shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 7th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and a consensus target price of $23.64.

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.