Tectonic Advisors LLC Has $8.69 Million Stake in Capital Southwest Co. (NASDAQ:CSWC)

Tectonic Advisors LLC lifted its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC) by 21.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 398,008 shares of the asset manager’s stock after purchasing an additional 69,174 shares during the period. Tectonic Advisors LLC’s holdings in Capital Southwest were worth $8,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in Capital Southwest by 4.2% in the 3rd quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock worth $282,000 after purchasing an additional 452 shares during the last quarter. Hollencrest Capital Management boosted its holdings in Capital Southwest by 8.6% in the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock valued at $165,000 after acquiring an additional 518 shares during the last quarter. Confluence Investment Management LLC raised its holdings in Capital Southwest by 1.3% during the 3rd quarter. Confluence Investment Management LLC now owns 98,463 shares of the asset manager’s stock worth $2,490,000 after purchasing an additional 1,251 shares during the last quarter. Barclays PLC boosted its stake in shares of Capital Southwest by 1.7% in the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock valued at $1,924,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Capital Southwest during the third quarter worth approximately $35,000. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Trading Up 2.2 %

CSWC opened at $22.76 on Wednesday. Capital Southwest Co. has a twelve month low of $20.68 and a twelve month high of $27.23. The firm has a market cap of $1.09 billion, a PE ratio of 13.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The firm’s fifty day moving average is $22.23 and its two-hundred day moving average is $23.81.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. Equities research analysts anticipate that Capital Southwest Co. will post 2.55 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 10.19%. Capital Southwest’s dividend payout ratio is currently 141.46%.

Wall Street Analyst Weigh In

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

Capital Southwest 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.