Harbor Capital Advisors Inc. Grows Stake in Capital Southwest Co. (NASDAQ:CSWC)

Harbor Capital Advisors Inc. lifted its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 146.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 387,647 shares of the asset manager's stock after buying an additional 230,513 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.85% of Capital Southwest worth $9,804,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Capital Southwest by 25.0% during the second quarter. Van ECK Associates Corp now owns 1,059,217 shares of the asset manager's stock worth $27,635,000 after purchasing an additional 211,992 shares in the last quarter. Marshall Wace LLP purchased a new stake in Capital Southwest in the second quarter valued at about $1,937,000. Legacy Capital Wealth Partners LLC acquired a new stake in Capital Southwest in the second quarter worth about $1,775,000. Cozad Asset Management Inc. acquired a new stake in Capital Southwest in the first quarter worth about $1,557,000. Finally, Tectonic Advisors LLC grew its stake in shares of Capital Southwest by 17.3% during the third quarter. Tectonic Advisors LLC now owns 328,834 shares of the asset manager's stock worth $8,316,000 after acquiring an additional 48,442 shares during the last quarter. Institutional investors own 23.42% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a research report on Wednesday.

Capital Southwest Stock Performance

CSWC traded down $0.20 during trading on Friday, reaching $23.98. 193,190 shares of the company's stock were exchanged, compared to its average volume of 188,210. The company's fifty day simple moving average is $25.19 and its 200-day simple moving average is $25.53. The stock has a market capitalization of $1.14 billion, a P/E ratio of 14.62 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.12. Capital Southwest Co. has a 1 year low of $21.23 and a 1 year high of $27.23.

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

Capital Southwest Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 10.51%. Capital Southwest's payout ratio is 141.46%.

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.