Tectonic Advisors LLC Acquires 69,174 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Tectonic Advisors LLC raised its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 398,008 shares of the asset manager's stock after acquiring an additional 69,174 shares during the quarter. Tectonic Advisors LLC owned approximately 0.83% of Capital Southwest worth $8,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Capital Southwest during the third quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Capital Southwest during the 2nd quarter valued at $104,000. Nisa Investment Advisors LLC purchased a new stake in shares of Capital Southwest in the 3rd quarter worth $106,000. Hollencrest Capital Management raised its holdings in Capital Southwest by 8.6% in the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager's stock worth $165,000 after purchasing an additional 518 shares during the period. Finally, Blue Trust Inc. lifted its position in Capital Southwest by 1,539.2% during the third quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager's stock valued at $186,000 after purchasing an additional 6,711 shares in the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Price Performance

Capital Southwest stock traded up $0.09 during mid-day trading on Friday, hitting $22.97. The stock had a trading volume of 405,205 shares, compared to its average volume of 436,437. 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 firm's 50 day moving average is $22.19 and its 200 day moving average is $23.77. The firm has a market capitalization of $1.16 billion, a P/E ratio of 16.29 and a beta of 1.24. Capital Southwest Co. has a one year low of $20.68 and a one year high of $27.23.

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

Capital Southwest Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 10.10%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest's dividend payout ratio (DPR) is presently 164.54%.

Analysts Set New Price Targets

CSWC has been the subject of a number of analyst reports. StockNews.com cut Capital Southwest from a "hold" rating to a "sell" rating in a research report on Friday. B. Riley increased their target price on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a "neutral" rating in a report on Wednesday, October 30th.

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.