Benjamin Edwards Inc. Purchases 72,710 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Benjamin Edwards Inc. increased its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 970.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,201 shares of the asset manager's stock after acquiring an additional 72,710 shares during the quarter. Benjamin Edwards Inc. owned about 0.17% of Capital Southwest worth $2,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in shares of Capital Southwest by 146.7% in the third 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. Van ECK Associates Corp grew its stake in Capital Southwest by 25.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,059,217 shares of the asset manager's stock valued at $27,635,000 after buying an additional 211,992 shares in the last quarter. Marshall Wace LLP bought a new stake in Capital Southwest during the 2nd quarter valued at $1,937,000. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Capital Southwest during the second quarter worth $1,775,000. Finally, Tectonic Advisors LLC boosted its holdings in shares of Capital Southwest by 17.3% in the third quarter. Tectonic Advisors LLC now owns 328,834 shares of the asset manager's stock worth $8,316,000 after acquiring an additional 48,442 shares during the period. 23.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Capital Southwest Price Performance

Shares of CSWC stock traded down $0.45 on Thursday, reaching $22.90. The company's stock had a trading volume of 1,056,556 shares, compared to its average volume of 323,413. The company has a market capitalization of $1.09 billion, a P/E ratio of 14.24 and a beta of 1.23. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The stock's 50 day simple moving average is $24.25 and its 200-day simple moving average is $25.05. Capital Southwest Co. has a 12-month low of $22.01 and a 12-month high of $27.23.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The business had revenue of $48.71 million for the quarter, compared to the consensus estimate of $49.79 million. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. During the same period in the previous year, the firm earned $0.69 EPS. As a group, equities analysts predict that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date is Friday, December 13th. Capital Southwest's payout ratio is 141.46%.

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.