Tectonic Advisors LLC Acquires 48,442 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Tectonic Advisors LLC increased its stake in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 17.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328,834 shares of the asset manager's stock after purchasing an additional 48,442 shares during the quarter. Tectonic Advisors LLC owned about 0.72% of Capital Southwest worth $8,316,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CSWC. EntryPoint Capital LLC acquired a new position in Capital Southwest in the first quarter valued at approximately $28,000. Larson Financial Group LLC lifted its holdings in Capital Southwest by 101.7% in the first quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager's stock valued at $50,000 after buying an additional 1,017 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Capital Southwest in the second quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in Capital Southwest in the second quarter valued at approximately $104,000. Finally, Blue Trust Inc. lifted its holdings in Capital Southwest by 1,539.2% in the third quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager's stock valued at $186,000 after buying an additional 6,711 shares during the period. 23.42% of the stock is owned by institutional investors.

Capital Southwest Trading Up 0.2 %

CSWC traded up $0.04 during mid-day trading on Friday, hitting $25.63. The stock had a trading volume of 249,966 shares, compared to its average volume of 294,883. The stock's fifty day simple moving average is $25.20 and its 200-day simple moving average is $25.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 12.50 and a beta of 1.24. Capital Southwest Co. has a 1-year low of $20.72 and a 1-year high of $27.23.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.03). Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. The company had revenue of $51.35 million for the quarter, compared to the consensus estimate of $49.31 million. As a group, research analysts forecast that Capital Southwest Co. will post 2.47 EPS for the current fiscal year.

Capital Southwest Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.64 per share. This is an increase from Capital Southwest's previous quarterly dividend of $0.57. The ex-dividend date was Friday, September 13th. This represents a $2.56 annualized dividend and a dividend yield of 9.99%. Capital Southwest's dividend payout ratio is currently 113.17%.

Analyst Upgrades and Downgrades

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

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.