Rialto Wealth Management LLC Buys New Position in Capital Southwest Co. (NASDAQ:CSWC)

Rialto Wealth Management LLC purchased a new position in shares of Capital Southwest Co. (NASDAQ:CSWC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,809 shares of the asset manager’s stock, valued at approximately $105,000.

Several other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Capital Southwest during the fourth quarter worth $4,250,000. Promus Capital LLC bought a new stake in Capital Southwest during the 4th quarter worth about $30,000. Muzinich & Co. Inc. lifted its position in Capital Southwest by 4.1% during the 4th quarter. Muzinich & Co. Inc. now owns 110,422 shares of the asset manager’s stock worth $2,409,000 after buying an additional 4,350 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Capital Southwest during the 4th quarter worth about $326,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Capital Southwest in the 4th quarter valued at about $296,000. 23.42% of the stock is owned by institutional investors.

Capital Southwest Price Performance

Shares of CSWC opened at $22.99 on Friday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 16.31 and a beta of 1.21. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $22.65 and its 200 day simple moving average is $23.55. Capital Southwest Co. has a 1-year low of $20.68 and a 1-year high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. On average, research analysts forecast that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.58 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.32 annualized dividend and a yield of 10.09%. Capital Southwest’s dividend payout ratio is 164.54%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Capital Southwest from a “sell” rating to a “hold” rating in a research report on Wednesday.

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.