Van ECK Associates Corp Purchases 38,051 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Van ECK Associates Corp boosted its position in Capital Southwest Co. (NASDAQ:CSWC) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,190,204 shares of the asset manager’s stock after buying an additional 38,051 shares during the period. Van ECK Associates Corp owned approximately 2.50% of Capital Southwest worth $25,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSWC. Barclays PLC increased its holdings in Capital Southwest by 1.7% during the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock worth $1,924,000 after purchasing an additional 1,263 shares in the last quarter. Franklin Resources Inc. increased its holdings in Capital Southwest by 24.6% during the 3rd quarter. Franklin Resources Inc. now owns 154,038 shares of the asset manager’s stock worth $3,893,000 after purchasing an additional 30,423 shares in the last quarter. Blue Trust Inc. increased its holdings in Capital Southwest by 1,539.2% during the 3rd quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager’s stock worth $186,000 after purchasing an additional 6,711 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Capital Southwest by 146.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock worth $9,804,000 after purchasing an additional 230,513 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Capital Southwest by 970.6% in the third quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock valued at $2,028,000 after acquiring an additional 72,710 shares in the last quarter. 23.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CSWC shares. B. Riley upped their target price on Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised Capital Southwest from a “sell” rating to a “hold” rating in a report on Saturday.

Capital Southwest Price Performance

Capital Southwest stock opened at $23.46 on Friday. Capital Southwest Co. has a 12 month low of $20.68 and a 12 month high of $27.23. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $22.20 and its 200 day simple moving average is $23.68. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 16.64 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. Sell-side analysts forecast that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 annualized dividend and a yield of 9.89%. Capital Southwest’s payout ratio is 164.54%.

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.