Atria Wealth Solutions Inc. Takes Position in Capital Southwest Co. (NASDAQ:CSWC)

Posted by Defense World Staff on Sep 19th, 2023

Atria Wealth Solutions Inc. bought a new stake in Capital Southwest Co. (NASDAQ:CSWC – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,324 shares of the asset manager’s stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Research Inc. grew its position in Capital Southwest by 1.4% during the fourth quarter. Advisory Research Inc. now owns 36,466 shares of the asset manager’s stock worth $624,000 after buying an additional 520 shares in the last quarter. Good Life Advisors LLC grew its position in Capital Southwest by 4.4% during the fourth quarter. Good Life Advisors LLC now owns 12,903 shares of the asset manager’s stock worth $221,000 after buying an additional 545 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Capital Southwest by 3.1% during the first quarter. PNC Financial Services Group Inc. now owns 20,583 shares of the asset manager’s stock worth $488,000 after buying an additional 611 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Capital Southwest by 10.3% during the first quarter. Great West Life Assurance Co. Can now owns 7,765 shares of the asset manager’s stock worth $196,000 after buying an additional 726 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Capital Southwest by 3.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,826 shares of the asset manager’s stock worth $613,000 after buying an additional 777 shares in the last quarter. Institutional investors and hedge funds own 20.58% of the company’s stock.

Analyst Upgrades and Downgrades

CSWC has been the subject of several recent analyst reports. StockNews.com initiated coverage on Capital Southwest in a research note on Thursday, August 17th. They set a “hold” rating for the company. TheStreet upgraded Capital Southwest from a “c” rating to a “b-” rating in a research note on Tuesday, June 13th. JMP Securities restated a “market outperform” rating and set a $22.00 target price on shares of Capital Southwest in a research note on Friday, August 18th. Finally, Raymond James upped their target price on Capital Southwest from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Get Our Latest Analysis on CSWC

Capital Southwest Stock Up 1.9 %

Shares of CSWC opened at $22.52 on Tuesday. Capital Southwest Co. has a 52 week low of $16.28 and a 52 week high of $22.92. The stock has a market capitalization of $899.67 million, a price-to-earnings ratio of 13.73 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a fifty day moving average of $21.66 and a 200-day moving average of $19.50.

Capital Southwest (NASDAQ:CSWC – Get Free Report) last announced its quarterly earnings results on Monday, August 7th. The asset manager reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $40.36 million during the quarter, compared to analysts’ expectations of $38.90 million. Capital Southwest had a return on equity of 14.28% and a net margin of 39.67%. As a group, sell-side analysts anticipate that Capital Southwest Co. will post 2.6 earnings per share for the current fiscal year.

Capital Southwest Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.62 per share. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 11.01%. The ex-dividend date of this dividend is Thursday, September 14th. Capital Southwest’s dividend payout ratio (DPR) is currently 136.59%.

Capital Southwest Company Profile

(Free Report)

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.