Pinkerton Retirement Specialists LLC Takes $434,000 Position in Capital Southwest Co. (NASDAQ:CSWC)

Pinkerton Retirement Specialists LLC bought a new position in Capital Southwest Co. (NASDAQ:CSWC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,649 shares of the asset manager’s stock, valued at approximately $434,000.

Several other large investors have also recently made changes to their positions in CSWC. First Dallas Securities Inc. boosted its position in shares of Capital Southwest by 1.5% during the second quarter. First Dallas Securities Inc. now owns 54,223 shares of the asset manager’s stock valued at $1,415,000 after buying an additional 775 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in Capital Southwest by 1.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 55,254 shares of the asset manager’s stock valued at $1,265,000 after acquiring an additional 923 shares in 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. EntryPoint Capital LLC bought a new stake in Capital Southwest during the 1st quarter valued at $28,000. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Capital Southwest by 3.2% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 37,755 shares of the asset manager’s stock worth $985,000 after purchasing an additional 1,155 shares in the last quarter. 23.42% of the stock is owned by institutional investors.

Capital Southwest Stock Performance

NASDAQ CSWC opened at $25.41 on Friday. The stock has a 50-day simple moving average of $25.30 and a two-hundred day simple moving average of $25.32. The firm has a market capitalization of $1.19 billion, a P/E ratio of 12.40 and a beta of 1.24. Capital Southwest Co. has a fifty-two week low of $20.72 and a fifty-two week high of $27.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

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

Capital Southwest Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.64 per share. The ex-dividend date is Friday, September 13th. This is a boost from Capital Southwest’s previous quarterly dividend of $0.57. This represents a $2.56 dividend on an annualized basis and a dividend yield of 10.07%. Capital Southwest’s dividend payout ratio (DPR) is 111.22%.

Analyst Ratings Changes

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

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, 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.