Catalina Capital Group LLC Takes Position in Capital Southwest Co. (NASDAQ:CSWC)

Catalina Capital Group LLC purchased a new position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,240 shares of the asset manager's stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Foundations Investment Advisors LLC raised its position in Capital Southwest by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 101,234 shares of the asset manager's stock valued at $2,209,000 after acquiring an additional 20,105 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Capital Southwest during the 4th quarter worth $298,000. Blue Trust Inc. raised its holdings in shares of Capital Southwest by 36.3% during the 4th quarter. Blue Trust Inc. now owns 9,741 shares of the asset manager's stock valued at $213,000 after purchasing an additional 2,594 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Capital Southwest by 2.9% in the 4th quarter. Sound Income Strategies LLC now owns 578,541 shares of the asset manager's stock valued at $12,624,000 after purchasing an additional 16,462 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in Capital Southwest by 4.1% in the fourth quarter. Cornerstone Wealth Management LLC now owns 39,166 shares of the asset manager's stock worth $855,000 after purchasing an additional 1,557 shares in the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CSWC shares. B. Riley boosted their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com downgraded Capital Southwest from a "hold" rating to a "sell" rating in a research note on Friday.

Capital Southwest Stock Performance

NASDAQ:CSWC traded up $0.09 during midday trading on Friday, reaching $22.97. The stock had a trading volume of 405,205 shares, compared to its average volume of 453,268. The stock has a market capitalization of $1.10 billion, a P/E ratio of 14.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. Capital Southwest Co. has a 1-year low of $20.68 and a 1-year high of $27.23. The firm's fifty day simple moving average is $22.20 and its 200-day simple moving average is $23.79.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. On average, equities research analysts forecast that Capital Southwest Co. will post 2.55 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

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