Capital Southwest Co. (NASDAQ:CSWC) is Redmont Wealth Advisors LLC’s 10th Largest Position

Redmont Wealth Advisors LLC grew its position in Capital Southwest Co. (NASDAQ:CSWC) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,925 shares of the asset manager’s stock after acquiring an additional 4,413 shares during the quarter. Capital Southwest comprises about 2.8% of Redmont Wealth Advisors LLC’s portfolio, making the stock its 10th largest position. Redmont Wealth Advisors LLC’s holdings in Capital Southwest were worth $1,894,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in Capital Southwest during the 4th quarter valued at $26,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Capital Southwest during the fourth quarter valued at $34,000. Tower Research Capital LLC TRC bought a new position in shares of Capital Southwest in the first quarter worth about $78,000. Quantbot Technologies LP increased its stake in Capital Southwest by 4,740.0% in the 1st quarter. Quantbot Technologies LP now owns 4,840 shares of the asset manager’s stock worth $114,000 after buying an additional 4,740 shares during the period. Finally, Washington Trust Advisors Inc. lifted its holdings in Capital Southwest by 36.1% during the 3rd quarter. Washington Trust Advisors Inc. now owns 5,000 shares of the asset manager’s stock valued at $114,000 after buying an additional 1,326 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CSWC. B. Riley upped their target price on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. JMP Securities reissued a “market outperform” rating and issued a $26.00 price objective on shares of Capital Southwest in a research note on Tuesday, March 26th. Finally, Raymond James lifted their target price on Capital Southwest from $24.00 to $26.50 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Capital Southwest Stock Up 1.1 %

NASDAQ CSWC traded up $0.27 during trading on Friday, reaching $25.05. 131,617 shares of the company’s stock traded hands, compared to its average volume of 372,529. Capital Southwest Co. has a 12-month low of $17.31 and a 12-month high of $26.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.63 and a beta of 1.21. The company’s 50 day simple moving average is $24.25 and its two-hundred day simple moving average is $23.50.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Tuesday, January 30th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. The company had revenue of $48.57 million for the quarter, compared to analyst estimates of $45.12 million. Capital Southwest had a net margin of 52.16% and a return on equity of 15.82%. During the same period last year, the company posted $0.62 earnings per share. As a group, sell-side analysts forecast that Capital Southwest Co. will post 2.69 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.52 dividend on an annualized basis and a yield of 10.06%. Capital Southwest’s dividend payout ratio is presently 97.02%.

About Capital Southwest

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.