Van ECK Associates Corp Buys 92,936 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Van ECK Associates Corp boosted its stake in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 8.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,152,153 shares of the asset manager's stock after buying an additional 92,936 shares during the period. Van ECK Associates Corp owned approximately 2.51% of Capital Southwest worth $29,483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Capital Southwest in the 1st quarter valued at about $28,000. Larson Financial Group LLC grew its stake in Capital Southwest by 101.7% in the 1st 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 last quarter. EverSource Wealth Advisors LLC acquired a new position in Capital Southwest in the 2nd quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Capital Southwest during the 2nd quarter worth approximately $104,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Capital Southwest during the 3rd quarter worth approximately $106,000. Institutional investors and hedge funds own 23.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

Capital Southwest Stock Performance

Shares of NASDAQ:CSWC traded up $0.16 on Tuesday, reaching $22.49. 1,243,230 shares of the company's stock were exchanged, compared to its average volume of 307,890. The company has a fifty day moving average of $25.10 and a 200-day moving average of $25.50. Capital Southwest Co. has a twelve month low of $21.47 and a twelve month high of $27.23. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.71 and a beta of 1.25. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35.

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

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.20%. The ex-dividend date is Friday, December 13th. Capital Southwest's dividend payout ratio (DPR) is presently 141.46%.

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.