MML Investors Services LLC Buys 56,919 Shares of Capital Southwest Co. (NASDAQ:CSWC)

MML Investors Services LLC increased its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 124.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,730 shares of the asset manager's stock after buying an additional 56,919 shares during the period. MML Investors Services LLC owned about 0.22% of Capital Southwest worth $2,598,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Quarry LP bought a new position in shares of Capital Southwest in the third quarter worth about $35,000. EverSource Wealth Advisors LLC purchased a new position in Capital Southwest in the 2nd quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. bought a new position in Capital Southwest in the 2nd quarter worth approximately $104,000. Nisa Investment Advisors LLC purchased a new stake in Capital Southwest during the 3rd quarter valued at approximately $106,000. Finally, Hollencrest Capital Management raised its position in shares of Capital Southwest by 8.6% during the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager's stock valued at $165,000 after buying an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company's stock.

Capital Southwest Price Performance

Capital Southwest stock traded down $0.26 during midday trading on Monday, reaching $21.47. 924,484 shares of the stock traded hands, compared to its average volume of 344,031. The stock has a market cap of $1.02 billion, a P/E ratio of 13.09 and a beta of 1.23. The stock's fifty day moving average is $23.89 and its 200-day moving average is $24.89. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. Capital Southwest Co. has a 12 month low of $21.43 and a 12 month high of $27.23.

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

Capital Southwest Cuts Dividend

The firm 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 $0.63 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.74%. Capital Southwest's payout ratio is currently 141.46%.

Analyst Upgrades and Downgrades

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

Capital Southwest 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.