Y Intercept Hong Kong Ltd Purchases New Stake in Capital Southwest Co. (NASDAQ:CSWC)

Y Intercept Hong Kong Ltd acquired a new stake in Capital Southwest Co. (NASDAQ:CSWC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,559 shares of the asset manager's stock, valued at approximately $296,000.

Several other hedge funds have also recently added to or reduced their stakes in CSWC. Creative Planning raised its holdings in Capital Southwest by 4.2% during the 3rd quarter. Creative Planning now owns 11,161 shares of the asset manager's stock worth $282,000 after purchasing an additional 452 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Capital Southwest during the 3rd quarter worth approximately $106,000. Van ECK Associates Corp raised its holdings in Capital Southwest by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager's stock worth $29,483,000 after purchasing an additional 92,936 shares during the last quarter. Confluence Investment Management LLC raised its holdings in Capital Southwest by 1.3% during the 3rd quarter. Confluence Investment Management LLC now owns 98,463 shares of the asset manager's stock worth $2,490,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Hollencrest Capital Management raised its holdings 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 purchasing an additional 518 shares during the last quarter. Institutional investors own 23.42% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a report on Wednesday.

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Capital Southwest Trading Up 2.4 %

Shares of CSWC stock traded up $0.53 during trading hours on Friday, hitting $22.99. 444,711 shares of the company were exchanged, compared to its average volume of 522,194. The firm has a market cap of $1.16 billion, a P/E ratio of 16.31 and a beta of 1.21. Capital Southwest Co. has a fifty-two week low of $20.68 and a fifty-two week high of $27.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.18 and a current ratio of 0.18. The company has a 50 day simple moving average of $22.65 and a two-hundred day simple moving average of $23.55.

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

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.09%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest's dividend payout ratio (DPR) is 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.