Capital Southwest Co. (NASDAQ:CSWC) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,606 shares of the asset manager’s stock after purchasing an additional 12,443 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.38% of Capital Southwest worth $4,618,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Planning raised its position in Capital Southwest by 4.2% during the third quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock valued at $282,000 after buying an additional 452 shares during the period. Hollencrest Capital Management boosted its position in Capital Southwest by 8.6% during the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after purchasing an additional 518 shares during the period. First Dallas Securities Inc. grew its position in shares of Capital Southwest by 1.5% in the second quarter. First Dallas Securities Inc. now owns 54,223 shares of the asset manager’s stock valued at $1,415,000 after purchasing an additional 775 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Capital Southwest by 1.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 55,254 shares of the asset manager’s stock worth $1,265,000 after buying an additional 923 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Capital Southwest during the 1st quarter valued at $28,000. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Stock Up 0.1 %

Shares of CSWC opened at $23.02 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $24.62 and a two-hundred day moving average price of $25.28. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.02 and a beta of 1.25. Capital Southwest Co. has a 12 month low of $22.01 and a 12 month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same period in the prior year, the business posted $0.69 earnings per share. Equities analysts predict that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date is Friday, December 13th. Capital Southwest’s dividend payout ratio is presently 141.46%.

Analyst Ratings Changes

Separately, B. Riley increased their target price on shares of Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th.

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, industry consolidation, recapitalizations and growth capital investments.