Capital Southwest Co. (NASDAQ:CSWC) Position Increased by Dearborn Partners LLC

Dearborn Partners LLC grew its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC) by 8.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,681 shares of the asset manager’s stock after purchasing an additional 1,457 shares during the period. Dearborn Partners LLC’s holdings in Capital Southwest were worth $498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Capital Southwest in the first quarter valued at approximately $351,000. Avantax Advisory Services Inc. raised its stake in Capital Southwest by 16.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,061 shares of the asset manager’s stock valued at $276,000 after acquiring an additional 1,591 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Capital Southwest during the 1st quarter worth $28,000. Advisors Asset Management Inc. increased its holdings in shares of Capital Southwest by 4.8% during the first quarter. Advisors Asset Management Inc. now owns 171,087 shares of the asset manager’s stock valued at $4,270,000 after purchasing an additional 7,855 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Capital Southwest by 1.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 55,254 shares of the asset manager’s stock valued at $1,265,000 after purchasing an additional 923 shares in the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Capital Southwest Price Performance

NASDAQ:CSWC opened at $22.88 on Friday. The business’s 50-day moving average price is $24.80 and its 200 day moving average price is $25.37. The firm has a market cap of $1.09 billion, a P/E ratio of 13.95 and a beta of 1.25. Capital Southwest Co. has a 52-week low of $21.94 and a 52-week high of $27.23. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The company had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.79 million. During the same quarter in the previous year, the company posted $0.69 EPS. As a group, sell-side analysts predict that Capital Southwest Co. will post 2.54 earnings per share 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. Investors of record on Friday, December 13th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date is Friday, December 13th. Capital Southwest’s payout ratio is 141.46%.

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.