Two Sigma Advisers LP Lowers Stock Position in Capital Southwest Co. (NASDAQ:CSWC)

Two Sigma Advisers LP lessened its stake in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 11.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 660,600 shares of the asset manager's stock after selling 87,700 shares during the period. Two Sigma Advisers LP owned about 1.39% of Capital Southwest worth $16,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Capital Southwest in the 3rd quarter valued at about $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Southwest in the second quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in Capital Southwest in the second quarter worth approximately $104,000. Nisa Investment Advisors LLC purchased a new stake in Capital Southwest during the third quarter worth approximately $106,000. Finally, Hollencrest Capital Management raised its stake in 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 increased their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th.

Capital Southwest Price Performance

Shares of CSWC stock traded down $0.20 during trading hours on Monday, hitting $22.72. 1,563,277 shares of the company's stock were exchanged, compared to its average volume of 333,443. 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 52 week low of $22.01 and a 52 week high of $27.23. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 13.98 and a beta of 1.23. The stock's 50-day moving average is $24.16 and its 200-day moving average is $25.00.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating 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 business had revenue of $48.71 million during the quarter, compared to analyst estimates of $49.79 million. During the same period in the previous year, the firm earned $0.69 EPS. As a group, research analysts forecast that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.63 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.09%. Capital Southwest's payout ratio is currently 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.