Capital Southwest Co. (NASDAQ:CSWC) Short Interest Up 15.3% in October

Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 709,400 shares, a growth of 15.3% from the September 30th total of 615,000 shares. Based on an average daily volume of 214,000 shares, the short-interest ratio is currently 3.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Waterfall Asset Management LLC purchased a new stake in shares of Capital Southwest in the second quarter worth $995,000. Blue Trust Inc. boosted its position in shares of Capital Southwest by 1,539.2% during the 3rd quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager's stock valued at $186,000 after acquiring an additional 6,711 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of Capital Southwest during the 2nd quarter valued at about $1,775,000. Concurrent Investment Advisors LLC purchased a new position in shares of Capital Southwest during the first quarter worth about $218,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Capital Southwest by 31.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,701 shares of the asset manager's stock worth $2,364,000 after purchasing an additional 22,915 shares during the last quarter. 23.42% of the stock is owned by institutional investors.

Capital Southwest Stock Performance

Shares of NASDAQ CSWC traded down $1.24 during mid-day trading on Tuesday, hitting $24.48. The company had a trading volume of 584,425 shares, compared to its average volume of 295,682. The stock's 50-day moving average price is $25.22 and its 200-day moving average price is $25.54. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.95 and a beta of 1.24. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Capital Southwest has a 1 year low of $20.85 and a 1 year 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. The business had revenue of $48.71 million during the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, sell-side analysts forecast that Capital Southwest will post 2.47 earnings per share for the current year.

Capital Southwest Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.64 dividend. The ex-dividend date was Friday, September 13th. This is a boost from Capital Southwest's previous quarterly dividend of $0.57. This represents a $2.56 annualized dividend and a yield of 10.46%. Capital Southwest's dividend payout ratio is currently 113.17%.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their price target on shares of Capital Southwest from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th.

About Capital Southwest

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.