Advisors Asset Management Inc. Has $4.62 Million Stake in Capital Southwest Co. (NASDAQ:CSWC)

Advisors Asset Management Inc. boosted its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 7.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 182,606 shares of the asset manager’s stock after buying an additional 12,443 shares during the quarter. Advisors Asset Management Inc.’s holdings in Capital Southwest were worth $4,618,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Capital Southwest by 8.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager’s stock valued at $29,483,000 after buying an additional 92,936 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Capital Southwest by 1.2% during the third quarter. Sound Income Strategies LLC now owns 562,079 shares of the asset manager’s stock worth $14,215,000 after buying an additional 6,692 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Capital Southwest by 146.7% in the third quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock valued at $9,804,000 after buying an additional 230,513 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Capital Southwest by 17.3% during the third quarter. Tectonic Advisors LLC now owns 328,834 shares of the asset manager’s stock valued at $8,316,000 after buying an additional 48,442 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in shares of Capital Southwest by 4.0% in the 3rd quarter. Muzinich & Co. Inc. now owns 106,072 shares of the asset manager’s stock worth $2,683,000 after acquiring an additional 4,117 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of Capital Southwest stock opened at $23.02 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 14.02 and a beta of 1.25. The business’s fifty day simple moving average is $24.62 and its 200 day simple moving average is $25.28. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. Capital Southwest Co. has a 12 month low of $22.01 and a 12 month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The company had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.79 million. During the same period last year, the firm earned $0.69 EPS. As a group, analysts anticipate that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 10.95%. The ex-dividend date of this dividend is Friday, December 13th. Capital Southwest’s payout ratio is 141.46%.

Analyst Ratings Changes

Separately, B. Riley lifted their price target on Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th.

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, industry consolidation, recapitalizations and growth capital investments.