Womack Financial LLC Invests $5.48 Million in Capital Southwest Corporation $CSWC

Womack Financial LLC purchased a new stake in Capital Southwest Corporation (NASDAQ:CSWC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 230,538 shares of the asset manager’s stock, valued at approximately $5,480,000. Capital Southwest accounts for about 3.6% of Womack Financial LLC’s holdings, making the stock its 5th largest holding.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Capital Southwest in the 1st quarter valued at $13,694,000. Empirical Finance LLC acquired a new stake in Capital Southwest in the 1st quarter valued at $13,689,000. BlackRock Inc. purchased a new position in Capital Southwest in the second quarter valued at about $7,140,000. Goldman Sachs Group Inc. lifted its stake in shares of Capital Southwest by 246.5% during the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after purchasing an additional 183,313 shares in the last quarter. Finally, HRT Financial LP boosted its position in shares of Capital Southwest by 176.0% in the second quarter. HRT Financial LP now owns 242,080 shares of the asset manager’s stock worth $5,335,000 after buying an additional 154,384 shares during the period. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Capital Southwest Stock Up 1.3%

Shares of Capital Southwest stock opened at $25.28 on Tuesday. The business has a 50-day moving average price of $23.97 and a 200 day moving average price of $23.31. Capital Southwest Corporation has a fifty-two week low of $19.37 and a fifty-two week high of $25.37. The firm has a market cap of $1.61 billion, a P/E ratio of 13.97 and a beta of 0.69. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $61.05 million for the quarter, compared to analysts’ expectations of $61.22 million. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. During the same period in the prior year, the company earned $0.61 earnings per share. On average, sell-side analysts forecast that Capital Southwest Corporation will post 2.27 earnings per share for the current fiscal year.

Capital Southwest Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1934 dividend. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Tuesday, September 15th. Capital Southwest’s dividend payout ratio (DPR) is currently 128.18%.

About Capital Southwest

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.