Van ECK Associates Corp Boosts Position in Capital Southwest Co. (NASDAQ:CSWC)

Van ECK Associates Corp lifted its position in Capital Southwest Co. (NASDAQ:CSWC) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,152,153 shares of the asset manager’s stock after buying an additional 92,936 shares during the quarter. Van ECK Associates Corp’s holdings in Capital Southwest were worth $29,483,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Capital Southwest by 31.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,701 shares of the asset manager’s stock worth $2,364,000 after buying an additional 22,915 shares during the last quarter. Larson Financial Group LLC boosted its position in Capital Southwest by 101.7% during the 1st quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 1,017 shares in the last quarter. SG Americas Securities LLC purchased a new position in Capital Southwest during the first quarter valued at $351,000. Tectonic Advisors LLC grew its holdings in Capital Southwest by 6.1% in the first quarter. Tectonic Advisors LLC now owns 256,698 shares of the asset manager’s stock worth $6,407,000 after purchasing an additional 14,763 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new position in Capital Southwest during the 1st quarter valued at approximately $218,000. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Trading Down 6.9 %

Shares of NASDAQ:CSWC opened at $22.33 on Tuesday. Capital Southwest Co. has a 52-week low of $21.47 and a 52-week high of $27.23. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.62 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.12 and a current ratio of 0.16. The stock’s 50-day simple moving average is $25.14 and its two-hundred day simple moving average is $25.52.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $48.71 million during the quarter, compared to analysts’ expectations of $49.79 million. During the same period in the prior year, the company posted $0.69 earnings per share. Analysts expect that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.29%. Capital Southwest’s payout ratio is currently 141.46%.

Wall Street Analyst Weigh In

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 report 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.