Capital Southwest Co. (NASDAQ:CSWC) Stock Position Lifted by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,212 shares of the asset manager’s stock after purchasing an additional 1,438 shares during the quarter. Confluence Investment Management LLC owned 0.21% of Capital Southwest worth $2,536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CSWC. Van ECK Associates Corp lifted its holdings in shares of Capital Southwest by 15.8% in the first quarter. Van ECK Associates Corp now owns 847,225 shares of the asset manager’s stock valued at $21,147,000 after buying an additional 115,727 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Capital Southwest during the first quarter valued at $16,079,000. Sound Income Strategies LLC lifted its holdings in shares of Capital Southwest by 3.3% during the first quarter. Sound Income Strategies LLC now owns 549,655 shares of the asset manager’s stock valued at $13,719,000 after purchasing an additional 17,348 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of Capital Southwest by 855.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 405,411 shares of the asset manager’s stock valued at $9,608,000 after purchasing an additional 362,981 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in shares of Capital Southwest by 6.1% during the first quarter. Tectonic Advisors LLC now owns 256,698 shares of the asset manager’s stock valued at $6,407,000 after purchasing an additional 14,763 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Down 4.2 %

Capital Southwest stock traded down $1.08 during mid-day trading on Friday, hitting $24.55. The company’s stock had a trading volume of 422,715 shares, compared to its average volume of 188,303. The firm’s 50 day moving average is $25.99 and its 200 day moving average is $25.26. The company has a market cap of $1.13 billion, a PE ratio of 11.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest Co. has a 52-week low of $20.72 and a 52-week high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Tuesday, May 14th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Capital Southwest had a return on equity of 15.88% and a net margin of 46.81%. The firm had revenue of $46.43 million during the quarter, compared to the consensus estimate of $46.01 million. On average, analysts anticipate that Capital Southwest Co. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, JMP Securities downgraded Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 15th.

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.