Sound Income Strategies LLC Buys 16,462 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Sound Income Strategies LLC lifted its stake in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 578,541 shares of the asset manager's stock after acquiring an additional 16,462 shares during the period. Sound Income Strategies LLC owned 1.21% of Capital Southwest worth $12,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP acquired a new stake in Capital Southwest in the 3rd quarter valued at about $35,000. EverSource Wealth Advisors LLC bought a new stake in Capital Southwest during the second quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in Capital Southwest in the second quarter worth approximately $104,000. Nisa Investment Advisors LLC bought a new position in shares of Capital Southwest in the third quarter valued at $106,000. Finally, Hollencrest Capital Management boosted its stake in shares of Capital Southwest by 8.6% during the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager's stock worth $165,000 after acquiring an additional 518 shares in the last quarter. 23.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Capital Southwest Trading Up 0.3 %

Capital Southwest stock traded up $0.07 during midday trading on Friday, reaching $22.38. The stock had a trading volume of 287,508 shares, compared to its average volume of 379,327. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 13.65 and a beta of 1.24. The firm's fifty day simple moving average is $22.35 and its two-hundred day simple moving average is $24.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. Capital Southwest Co. has a twelve month low of $20.68 and a twelve month high of $27.23.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The business had revenue of $48.71 million during the quarter, compared to analysts' expectations of $49.79 million. During the same period last year, the company posted $0.69 earnings per share. Equities analysts anticipate that Capital Southwest Co. will post 2.53 EPS for the current fiscal year.

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.