Concurrent Investment Advisors LLC Purchases 8,631 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Concurrent Investment Advisors LLC increased its position in Capital Southwest Co. (NASDAQ:CSWC) by 98.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,377 shares of the asset manager’s stock after buying an additional 8,631 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Southwest were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new stake in Capital Southwest in the first quarter valued at approximately $16,079,000. Beacon Pointe Advisors LLC lifted its position in Capital Southwest by 855.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 405,411 shares of the asset manager’s stock valued at $9,608,000 after purchasing an additional 362,981 shares during the last quarter. Van ECK Associates Corp lifted its position in Capital Southwest by 15.8% in the first quarter. Van ECK Associates Corp now owns 847,225 shares of the asset manager’s stock valued at $21,147,000 after purchasing an additional 115,727 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Capital Southwest by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 157,134 shares of the asset manager’s stock valued at $4,100,000 after purchasing an additional 115,051 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in Capital Southwest in the first quarter valued at approximately $2,391,000. Institutional investors own 23.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CSWC shares. B. Riley lowered their price objective on Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. JMP Securities cut Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 15th.

Capital Southwest Price Performance

CSWC opened at $25.04 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. Capital Southwest Co. has a 52-week low of $20.72 and a 52-week high of $27.23. The stock has a market capitalization of $1.15 billion, a PE ratio of 12.21 and a beta of 1.24. The stock’s 50 day moving average price is $25.45 and its 200-day moving average price is $25.26.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, August 5th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.03). The business had revenue of $51.35 million for the quarter, compared to analysts’ expectations of $49.31 million. Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. On average, equities research analysts predict that Capital Southwest Co. will post 2.5 EPS for the current year.

Capital Southwest Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 10.22%. This is a boost from Capital Southwest’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, September 13th. Capital Southwest’s dividend payout ratio is presently 113.17%.

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, 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.