Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) shares saw strong trading volume on Friday . 1,129,635 shares changed hands during trading, an increase of 248% from the previous session's volume of 324,148 shares.The stock last traded at $22.95 and had previously closed at $22.90.
Wall Street Analysts Forecast Growth
Separately, B. Riley raised their price objective on Capital Southwest from $24.00 to $24.50 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th.
Check Out Our Latest Stock Analysis on CSWC
Capital Southwest Stock Down 0.1 %
The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 13.96 and a beta of 1.23. The business has a fifty day simple moving average of $24.21 and a 200 day simple moving average of $25.04.
Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The firm had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts forecast that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.
Capital Southwest Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, December 13th. This represents a $2.52 annualized dividend and a dividend yield of 11.01%. Capital Southwest's payout ratio is 141.46%.
Institutional Investors Weigh In On Capital Southwest
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in Capital Southwest by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager's stock worth $29,483,000 after acquiring an additional 92,936 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Capital Southwest by 1.2% during the third quarter. Sound Income Strategies LLC now owns 562,079 shares of the asset manager's stock worth $14,215,000 after purchasing an additional 6,692 shares in the last quarter. Harbor Capital Advisors Inc. boosted 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 valued at $9,804,000 after purchasing an additional 230,513 shares during the period. Tectonic Advisors LLC grew 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 valued at $8,316,000 after purchasing an additional 48,442 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Capital Southwest by 7.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 182,606 shares of the asset manager's stock worth $4,618,000 after buying an additional 12,443 shares during the period. Institutional investors and hedge funds own 23.42% of the company's stock.
About Capital Southwest
(
Get 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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