Brown Brothers Harriman & Co. Purchases Shares of 2,683 Capital Southwest Co. (NASDAQ:CSWC)

Brown Brothers Harriman & Co. acquired a new position in shares of Capital Southwest Co. (NASDAQ:CSWC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,683 shares of the asset manager’s stock, valued at approximately $59,000.

A number of other hedge funds have also modified their holdings of the company. Promus Capital LLC acquired a new position in Capital Southwest during the 4th quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Capital Southwest in the third quarter worth $35,000. Nomura Asset Management Co. Ltd. boosted its holdings in Capital Southwest by 243.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager’s stock worth $48,000 after purchasing an additional 1,571 shares during the last quarter. Rialto Wealth Management LLC bought a new position in Capital Southwest in the fourth quarter valued at $105,000. Finally, Blue Trust Inc. grew its position in Capital Southwest by 36.3% in the fourth quarter. Blue Trust Inc. now owns 9,741 shares of the asset manager’s stock valued at $213,000 after purchasing an additional 2,594 shares in the last quarter. 23.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Capital Southwest from a “hold” rating to a “sell” rating in a research note on Monday, March 24th.

Capital Southwest Trading Down 1.7 %

Shares of Capital Southwest stock opened at $22.06 on Thursday. The stock has a market cap of $1.12 billion, a P/E ratio of 15.65 and a beta of 1.21. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. Capital Southwest Co. has a 12-month low of $20.68 and a 12-month high of $27.23. The business’s 50 day moving average is $22.68 and its 200-day moving average is $23.20.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. Equities research analysts predict that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 10.52%. The ex-dividend date was Friday, March 14th. Capital Southwest’s payout ratio is currently 164.54%.

About Capital Southwest

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.