Hollencrest Capital Management Purchases 518 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Hollencrest Capital Management grew its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 8.6% during the 3rd quarter, Holdings Channel reports. The firm owned 6,527 shares of the asset manager’s stock after purchasing an additional 518 shares during the period. Hollencrest Capital Management’s holdings in Capital Southwest were worth $165,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its position in shares of Capital Southwest by 146.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock valued at $9,804,000 after acquiring an additional 230,513 shares during the last quarter. Van ECK Associates Corp increased its holdings in Capital Southwest by 25.0% in the second quarter. Van ECK Associates Corp now owns 1,059,217 shares of the asset manager’s stock valued at $27,635,000 after purchasing an additional 211,992 shares during the last quarter. Marshall Wace LLP acquired a new position in Capital Southwest in the second quarter valued at about $1,937,000. Legacy Capital Wealth Partners LLC bought a new position in Capital Southwest during the second quarter worth about $1,775,000. Finally, Cozad Asset Management Inc. acquired a new position in shares of Capital Southwest during the 1st quarter worth about $1,557,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

Analysts Set New Price Targets

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

Capital Southwest Stock Performance

Shares of Capital Southwest stock opened at $22.91 on Friday. Capital Southwest Co. has a 12 month low of $21.54 and a 12 month high of $27.23. 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 company has a market capitalization of $1.09 billion, a PE ratio of 13.97 and a beta of 1.25. The stock’s fifty day simple moving average is $24.98 and its 200 day simple moving average is $25.45.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The business had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.79 million. During the same quarter in the previous year, the business posted $0.69 EPS. On average, research analysts predict 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 Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 11.00%. The ex-dividend date is Friday, December 13th. Capital Southwest’s dividend payout ratio is 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.