Argent Trust Co Has $203,000 Holdings in Capital Southwest Corporation $CSWC

Argent Trust Co cut its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 92.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,294 shares of the asset manager’s stock after selling 114,054 shares during the period. Argent Trust Co’s holdings in Capital Southwest were worth $203,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Capital Southwest by 13.4% in the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock worth $1,544,000 after purchasing an additional 8,188 shares in the last quarter. Goldman Sachs Group Inc. increased 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 valued at $5,751,000 after buying an additional 183,313 shares in the last quarter. Caxton Associates LLP acquired a new position in Capital Southwest during the 1st quarter worth about $318,000. CWM LLC lifted its position in Capital Southwest by 26.6% during the 2nd quarter. CWM LLC now owns 2,930 shares of the asset manager’s stock worth $65,000 after buying an additional 615 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Capital Southwest by 600.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,500 shares of the asset manager’s stock worth $77,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSWC. Zacks Research raised shares of Capital Southwest from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Loop Capital restated a “buy” rating and issued a $23.00 price objective on shares of Capital Southwest in a research report on Wednesday, November 5th. Noble Financial raised Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. Finally, Capital One Financial set a $22.00 target price on Capital Southwest in a research report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.42.

Capital Southwest Stock Performance

CSWC opened at $22.53 on Wednesday. The firm has a 50 day simple moving average of $22.85 and a 200 day simple moving average of $22.05. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $23.84. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.15 and a quick ratio of 0.15.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, February 2nd. The asset manager reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The firm had revenue of $61.45 million during the quarter, compared to analyst estimates of $57.37 million. Capital Southwest had a net margin of 45.46% and a return on equity of 13.76%. During the same quarter in the previous year, the business earned $0.63 EPS. On average, sell-side analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1934 dividend. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Monday, June 15th. Capital Southwest’s dividend payout ratio is currently 128.18%.

Capital Southwest Company 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.