Royal Bank of Canada Has $515,000 Stake in Capital Southwest Corporation $CSWC

Royal Bank of Canada reduced its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 70.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,273 shares of the asset manager’s stock after selling 56,283 shares during the quarter. Royal Bank of Canada’s holdings in Capital Southwest were worth $515,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CSWC. Leonteq Securities AG increased its holdings in Capital Southwest by 11.1% during the 1st quarter. Leonteq Securities AG now owns 7,000 shares of the asset manager’s stock valued at $155,000 after purchasing an additional 700 shares in the last quarter. Dearborn Partners LLC boosted its stake in Capital Southwest by 4.5% in the fourth quarter. Dearborn Partners LLC now owns 19,999 shares of the asset manager’s stock worth $443,000 after purchasing an additional 864 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Capital Southwest by 6.1% during the second quarter. Vident Advisory LLC now owns 19,087 shares of the asset manager’s stock worth $421,000 after purchasing an additional 1,090 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Capital Southwest in the third quarter valued at $28,000. Finally, Verition Fund Management LLC raised its holdings in shares of Capital Southwest by 4.6% in the third quarter. Verition Fund Management LLC now owns 32,962 shares of the asset manager’s stock valued at $721,000 after buying an additional 1,462 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Stock Performance

Shares of NASDAQ:CSWC opened at $25.21 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a 1-year low of $19.37 and a 1-year high of $25.37. The stock has a market capitalization of $1.61 billion, a P/E ratio of 13.93 and a beta of 0.69. The business has a 50-day moving average price of $24.01 and a two-hundred day moving average price of $23.32.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. The company had revenue of $61.05 million for the quarter, compared to analyst estimates of $61.22 million. During the same quarter last year, the firm earned $0.61 EPS. Equities analysts predict that Capital Southwest Corporation will post 2.27 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup reissued a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Citizens Jmp upped their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. B. Riley Financial increased their price target on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Capital Southwest 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.