Capital Southwest Co. (NASDAQ:CSWC) Short Interest Up 42.2% in June

Capital Southwest Co. (NASDAQ:CSWC) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 110,100 shares, an increase of 42.2% from the May 30th total of 77,400 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 66,100 shares, the days-to-cover ratio is presently 1.7 days.

Several hedge funds have recently modified their holdings of CSWC. Valeo Financial Advisors LLC acquired a new position in shares of Capital Southwest in the 2nd quarter valued at about $34,000. Princeton Global Asset Management LLC acquired a new position in shares of Capital Southwest in the 4th quarter valued at about $46,000. Macquarie Group Ltd. lifted its holdings in shares of Capital Southwest by 706.0% in the 4th quarter. Macquarie Group Ltd. now owns 2,418 shares of the asset manager’s stock valued at $46,000 after buying an additional 2,118 shares during the period. Steinberg Global Asset Management acquired a new position in shares of Capital Southwest in the 1st quarter valued at about $239,000. Finally, Millennium Management LLC lifted its holdings in shares of Capital Southwest by 28.7% in the 4th quarter. Millennium Management LLC now owns 13,209 shares of the asset manager’s stock valued at $254,000 after buying an additional 2,945 shares during the period. 53.19% of the stock is owned by institutional investors and hedge funds.

Shares of CSWC stock opened at $20.90 on Friday. The firm has a market cap of $369.52 million, a PE ratio of 14.72 and a beta of 0.22. The company has a 50-day moving average of $21.50. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.43. Capital Southwest has a 52-week low of $17.22 and a 52-week high of $24.17.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, June 3rd. The asset manager reported $0.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $14.31 million during the quarter, compared to analysts’ expectations of $14.25 million. Capital Southwest had a return on equity of 7.53% and a net margin of 68.26%. As a group, research analysts expect that Capital Southwest will post 1.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.46%. The ex-dividend date of this dividend was Thursday, June 13th. This is a boost from Capital Southwest’s previous quarterly dividend of $0.38. Capital Southwest’s payout ratio is 109.86%.

A number of analysts have commented on CSWC shares. National Securities reaffirmed a “buy” rating and set a $24.00 price target on shares of Capital Southwest in a research report on Tuesday, June 4th. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Capital Southwest currently has an average rating of “Hold” and a consensus target price of $23.50.

Capital Southwest Company Profile

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.

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