Capital Southwest Co. (NASDAQ:CSWC) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 24.6% during the 3rd quarter, Holdings Channel reports. The firm owned 154,038 shares of the asset manager’s stock after purchasing an additional 30,423 shares during the period. Franklin Resources Inc.’s holdings in Capital Southwest were worth $3,893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in Capital Southwest during the third quarter valued at about $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Southwest in the 2nd quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Capital Southwest in the 2nd quarter worth approximately $104,000. Nisa Investment Advisors LLC acquired a new stake in Capital Southwest during the third quarter valued at approximately $106,000. Finally, Hollencrest Capital Management lifted its stake in Capital Southwest by 8.6% during the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock valued at $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, B. Riley upped their price target 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 Trading Up 1.1 %

Shares of CSWC opened at $21.38 on Wednesday. The business’s 50-day moving average price is $23.38 and its 200 day moving average price is $24.70. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.02 billion, a P/E ratio of 13.04 and a beta of 1.23. Capital Southwest Co. has a 1-year low of $20.68 and a 1-year high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The business had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.52 annualized dividend and a dividend yield of 11.79%. Capital Southwest’s dividend payout ratio (DPR) is presently 141.46%.

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.