Naviter Wealth LLC acquired a new position in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 83,531 shares of the asset manager's stock, valued at approximately $1,823,000. Naviter Wealth LLC owned approximately 0.18% of Capital Southwest at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in Capital Southwest by 4.2% during the third quarter. Creative Planning now owns 11,161 shares of the asset manager's stock worth $282,000 after purchasing an additional 452 shares in the last quarter. Hollencrest Capital Management increased its holdings in shares of Capital Southwest by 8.6% in the 3rd 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 period. Confluence Investment Management LLC increased its holdings in shares of Capital Southwest by 1.3% in the 3rd quarter. Confluence Investment Management LLC now owns 98,463 shares of the asset manager's stock valued at $2,490,000 after acquiring an additional 1,251 shares during the period. Barclays PLC increased its holdings 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 acquiring an additional 1,263 shares during the period. Finally, Promus Capital LLC acquired a new position in shares of Capital Southwest in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 23.42% of the company's stock.
Capital Southwest Stock Performance
Shares of Capital Southwest stock traded up $0.53 during trading on Friday, reaching $22.99. The company's stock had a trading volume of 444,711 shares, compared to its average volume of 522,194. The company has a 50-day moving average price of $22.65 and a two-hundred day moving average price of $23.55. The firm has a market cap of $1.16 billion, a PE ratio of 16.31 and a beta of 1.21. Capital Southwest Co. has a fifty-two week low of $20.68 and a fifty-two week high of $27.23. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64.
Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating 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, 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. Shareholders 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 10.09%. Capital Southwest's dividend payout ratio is currently 164.54%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a report on Wednesday.
Check Out Our Latest Stock Report on CSWC
Capital Southwest Profile
(
Free Report)
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.
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