Capital Southwest Co. (NASDAQ:CSWC) Shares Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC boosted its stake in Capital Southwest Co. (NASDAQ:CSWC) by 28.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 814,584 shares of the asset manager’s stock after buying an additional 178,420 shares during the period. Capital Southwest makes up 2.6% of Sanders Morris Harris LLC’s portfolio, making the stock its 6th largest holding. Sanders Morris Harris LLC’s holdings in Capital Southwest were worth $17,579,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Capital Southwest by 8.8% during the third quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager’s stock worth $29,483,000 after buying an additional 92,936 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Capital Southwest by 1.2% during the third quarter. Sound Income Strategies LLC now owns 562,079 shares of the asset manager’s stock worth $14,215,000 after purchasing an additional 6,692 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Capital Southwest by 2.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 398,887 shares of the asset manager’s stock worth $8,704,000 after acquiring an additional 11,240 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Capital Southwest by 17.3% during the 3rd quarter. Tectonic Advisors LLC now owns 328,834 shares of the asset manager’s stock valued at $8,316,000 after purchasing an additional 48,442 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Capital Southwest by 7.3% during the third quarter. Advisors Asset Management Inc. now owns 182,606 shares of the asset manager’s stock worth $4,618,000 after buying an additional 12,443 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

CSWC stock opened at $22.39 on Thursday. The company has a market capitalization of $1.07 billion, a P/E ratio of 13.65 and a beta of 1.24. The company has a fifty day moving average price of $22.39 and a 200-day moving average price of $24.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. Capital Southwest Co. has a 52-week low of $20.68 and a 52-week high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The firm had revenue of $48.71 million for the quarter, compared to the consensus estimate of $49.79 million. During the same period in the previous year, the business earned $0.69 EPS. As a group, equities analysts expect that Capital Southwest Co. will post 2.53 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, December 13th. This represents a $2.52 annualized dividend and a yield of 11.26%. Capital Southwest’s payout ratio is 141.46%.

Wall Street Analyst Weigh In

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

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, industry consolidation, recapitalizations and growth capital investments.