Capital Southwest Co. (NASDAQ:CSWC) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 25.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,389 shares of the asset manager’s stock after purchasing an additional 4,958 shares during the quarter. Sunbelt Securities Inc.’s holdings in Capital Southwest were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Capital Southwest in the 4th quarter valued at approximately $26,000. Cape Investment Advisory Inc. acquired a new stake in Capital Southwest in the 4th quarter valued at approximately $31,000. Morton Brown Family Wealth LLC acquired a new stake in Capital Southwest in the 4th quarter valued at approximately $34,000. USA Financial Formulas acquired a new stake in Capital Southwest in the 4th quarter valued at approximately $47,000. Finally, Signaturefd LLC increased its position in Capital Southwest by 121.1% in the 4th quarter. Signaturefd LLC now owns 2,563 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 1,404 shares during the period. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities cut Capital Southwest from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 15th.

Capital Southwest Stock Up 0.1 %

CSWC opened at $25.68 on Thursday. The stock’s 50 day moving average price is $25.89 and its 200 day moving average price is $24.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $1.18 billion, a P/E ratio of 12.53 and a beta of 1.21. Capital Southwest Co. has a 12 month low of $18.98 and a 12 month high of $27.22.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Tuesday, May 14th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Capital Southwest had a return on equity of 15.88% and a net margin of 46.81%. The company had revenue of $46.43 million for the quarter, compared to analysts’ expectations of $46.01 million. As a group, research analysts predict that Capital Southwest Co. will post 2.66 earnings per share for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 8.88%. The ex-dividend date is Friday, June 14th. Capital Southwest’s dividend payout ratio (DPR) is presently 111.22%.

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.