Cornerstone Wealth Management LLC Buys 3,174 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Cornerstone Wealth Management LLC increased its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,600 shares of the asset manager’s stock after purchasing an additional 3,174 shares during the period. Cornerstone Wealth Management LLC owned approximately 0.09% of Capital Southwest worth $914,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in Capital Southwest during the fourth quarter worth approximately $26,000. Cape Investment Advisory Inc. acquired a new stake in Capital Southwest in the fourth quarter valued at approximately $31,000. Morton Brown Family Wealth LLC acquired a new stake in Capital Southwest in the fourth quarter valued at approximately $34,000. USA Financial Formulas acquired a new stake in Capital Southwest in the fourth quarter valued at approximately $47,000. Finally, Signaturefd LLC grew its stake in Capital Southwest by 121.1% in the fourth quarter. Signaturefd LLC now owns 2,563 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 1,404 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 15th.

Capital Southwest Stock Up 0.3 %

Shares of NASDAQ:CSWC traded up $0.09 during mid-day trading on Thursday, hitting $26.67. 120,894 shares of the company traded hands, compared to its average volume of 281,081. The stock has a market cap of $1.22 billion, a P/E ratio of 13.01 and a beta of 1.24. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.55. Capital Southwest Co. has a 12-month low of $19.59 and a 12-month high of $27.22. The stock has a 50-day moving average price of $25.98 and a two-hundred day moving average price of $24.96.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Tuesday, May 14th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $46.43 million for the quarter, compared to analysts’ expectations of $46.01 million. Capital Southwest had a return on equity of 15.88% and a net margin of 46.81%. On average, equities research analysts forecast that Capital Southwest Co. will post 2.66 earnings per share for the current year.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, June 14th. This represents a $2.28 dividend on an annualized basis and a yield of 8.55%. Capital Southwest’s dividend payout ratio (DPR) is currently 111.22%.

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.