Capital Southwest (NASDAQ:CSWC) Shares Down 2%

Capital Southwest Co. (NASDAQ:CSWC)’s share price traded down 2% during trading on Friday . The company traded as low as $24.90 and last traded at $24.91. 25,215 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 312,511 shares. The stock had previously closed at $25.41.

Analyst Ratings Changes

Separately, B. Riley dropped their price objective on Capital Southwest from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

Capital Southwest Stock Down 1.8 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50 day moving average price of $25.30 and a 200 day moving average price of $25.32. The firm has a market capitalization of $1.17 billion, a P/E ratio of 12.40 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, August 5th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.03). Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. The firm had revenue of $51.35 million for the quarter, compared to the consensus estimate of $49.31 million. On average, analysts predict that Capital Southwest Co. will post 2.5 earnings per share for the current year.

Capital Southwest Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 10.26%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, September 13th. Capital Southwest’s payout ratio is currently 111.22%.

Hedge Funds Weigh In On Capital Southwest

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in Capital Southwest during the second quarter valued at about $104,000. Creative Planning increased its stake in Capital Southwest by 4.5% during the second quarter. Creative Planning now owns 10,709 shares of the asset manager’s stock valued at $279,000 after acquiring an additional 464 shares during the period. Waterfall Asset Management LLC bought a new stake in shares of Capital Southwest in the 2nd quarter valued at approximately $995,000. Marshall Wace LLP bought a new stake in shares of Capital Southwest in the 2nd quarter valued at approximately $1,937,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Capital Southwest in the 2nd quarter valued at approximately $58,000. 23.42% of the stock is currently owned by institutional investors.

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, 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.