Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) shares saw unusually-high trading volume on Tuesday after the company announced better than expected quarterly earnings. Approximately 427,025 shares were traded during trading, an increase of 3% from the previous session's volume of 412,606 shares.The stock last traded at $22.98 and had previously closed at $22.28.
The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%.
Capital Southwest Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.10%. The ex-dividend date is Friday, March 14th. Capital Southwest's dividend payout ratio (DPR) is 141.46%.
Analysts Set New Price Targets
Separately, B. Riley upped their price target on Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a research report on Wednesday, October 30th.
Get Our Latest Stock Analysis on Capital Southwest
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Naviter Wealth LLC purchased a new position in shares of Capital Southwest during the fourth quarter valued at about $1,823,000. Rialto Wealth Management LLC bought a new stake in shares of Capital Southwest during the fourth quarter valued at approximately $105,000. Raymond James Financial Inc. purchased a new stake in Capital Southwest in the fourth quarter worth $4,250,000. Promus Capital LLC bought a new position in Capital Southwest in the fourth quarter worth $30,000. Finally, Muzinich & Co. Inc. lifted its position in Capital Southwest by 4.1% during the fourth quarter. Muzinich & Co. Inc. now owns 110,422 shares of the asset manager's stock valued at $2,409,000 after buying an additional 4,350 shares during the period. 23.42% of the stock is currently owned by institutional investors.
Capital Southwest Trading Up 0.4 %
The stock's fifty day moving average price is $22.20 and its 200 day moving average price is $23.79. The stock has a market cap of $1.10 billion, a P/E ratio of 14.01 and a beta of 1.24. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35.
Capital Southwest Company Profile
(
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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.
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