Capital Southwest Corporation (CSWC) to Issue Monthly Dividend of $0.19 on November 30th

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Thursday, August 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.1934 per share by the asset manager on Monday, November 30th. This represents a $2.32 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Friday, November 13th.

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. Equities research analysts expect Capital Southwest to earn $2.33 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 99.6%.

Capital Southwest Stock Up 0.5%

Shares of NASDAQ CSWC opened at $23.61 on Wednesday. The company has a market capitalization of $1.57 billion, a P/E ratio of 10.00 and a beta of 0.67. Capital Southwest has a 52-week low of $20.20 and a 52-week high of $25.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.11 and a current ratio of 0.11. The company’s 50 day moving average price is $23.46 and its 200-day moving average price is $23.41.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, November 2nd. The asset manager reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). Capital Southwest had a return on equity of 13.76% and a net margin of 43.06%. The firm had revenue of $67.16 million for the quarter, compared to analyst estimates of $65.61 million. Equities analysts forecast that Capital Southwest will post 2.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William Thomas, III purchased 2,170 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average price of $23.04 per share, for a total transaction of $49,996.80. Following the completion of the acquisition, the director owned 22,842 shares in the company, valued at approximately $526,279.68. The trade was a 10.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Capital Southwest

A number of large investors have recently modified their holdings of the company. Apollon Wealth Management LLC lifted its stake in shares of Capital Southwest by 2.6% in the third quarter. Apollon Wealth Management LLC now owns 23,275 shares of the asset manager’s stock valued at $538,000 after buying an additional 594 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Capital Southwest by 1.9% during the third quarter. Cornerstone Wealth Management LLC now owns 41,595 shares of the asset manager’s stock worth $962,000 after acquiring an additional 782 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Capital Southwest by 4.7% in the 3rd quarter. Wedbush Securities Inc. now owns 20,184 shares of the asset manager’s stock worth $467,000 after acquiring an additional 908 shares during the last quarter. Allworth Financial LP boosted its stake in Capital Southwest by 16.9% during the 2nd quarter. Allworth Financial LP now owns 6,535 shares of the asset manager’s stock valued at $155,000 after purchasing an additional 947 shares during the last quarter. Finally, Symphony Financial Ltd. Co. raised its stake in shares of Capital Southwest by 2.9% in the second quarter. Symphony Financial Ltd. Co. now owns 42,154 shares of the asset manager’s stock worth $991,000 after purchasing an additional 1,185 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Company Profile

Capital Southwest Corporation is an internally managed business development company that provides debt and equity financing to middle-market businesses. Its investments are primarily in privately held U.S. companies across a range of industries. The company’s portfolio generally includes senior secured loans, other debt investments and equity interests. Its financing can support business growth, acquisitions, recapitalizations and other corporate needs. Founded in 1961, Capital Southwest has a history as an investment company and today focuses on providing capital to middle-market businesses.