Capital Southwest Co. (NASDAQ:CSWC) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,190,204 shares of the asset manager's stock after purchasing an additional 38,051 shares during the period. Van ECK Associates Corp owned 2.50% of Capital Southwest worth $25,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tectonic Advisors LLC grew its position in shares of Capital Southwest by 21.0% in the fourth quarter. Tectonic Advisors LLC now owns 398,008 shares of the asset manager's stock valued at $8,685,000 after purchasing an additional 69,174 shares during the period. First Dallas Securities Inc. grew its position in shares of Capital Southwest by 18.8% in the fourth quarter. First Dallas Securities Inc. now owns 67,108 shares of the asset manager's stock valued at $1,464,000 after purchasing an additional 10,596 shares during the period. Hodges Capital Management Inc. grew its position in shares of Capital Southwest by 17.2% in the fourth quarter. Hodges Capital Management Inc. now owns 91,753 shares of the asset manager's stock valued at $2,002,000 after purchasing an additional 13,448 shares during the period. Catalina Capital Group LLC purchased a new stake in shares of Capital Southwest in the fourth quarter valued at $289,000. Finally, Foundations Investment Advisors LLC grew its position in shares of Capital Southwest by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 101,234 shares of the asset manager's stock valued at $2,209,000 after purchasing an additional 20,105 shares during the period. Hedge funds and other institutional investors own 23.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com raised Capital Southwest from a "sell" rating to a "hold" rating in a research report on Saturday. B. Riley lifted 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 Stock Up 1.4 %

Shares of CSWC traded up $0.33 during midday trading on Tuesday, reaching $23.79. 279,393 shares of the company were exchanged, compared to its average volume of 442,328. The stock has a 50-day moving average price of $22.21 and a 200-day moving average price of $23.64. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 16.88 and a beta of 1.24. Capital Southwest Co. has a 1-year low of $20.68 and a 1-year high of $27.23. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 0.64.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. Research analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest's dividend payout ratio is presently 164.54%.

Capital Southwest Company 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.