Tectonic Advisors LLC Boosts Stock Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Tectonic Advisors LLC boosted its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 17.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,834 shares of the asset manager’s stock after acquiring an additional 48,442 shares during the period. Tectonic Advisors LLC owned 0.72% of Capital Southwest worth $8,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Capital Southwest in the 1st quarter worth about $28,000. Larson Financial Group LLC lifted its holdings 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 buying an additional 1,017 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Capital Southwest during the 2nd quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. bought a new stake in Capital Southwest during the 2nd quarter valued at about $104,000. Finally, Blue Trust Inc. lifted its holdings in Capital Southwest by 1,539.2% during the 3rd quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager’s stock valued at $186,000 after buying an additional 6,711 shares in the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Stock Performance

Shares of CSWC opened at $25.59 on Friday. Capital Southwest Co. has a 1-year low of $20.72 and a 1-year high of $27.23. The company has a 50-day moving average of $25.17 and a 200 day moving average of $25.52. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.48 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Monday, August 5th. The asset manager reported $0.63 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 business had revenue of $51.35 million during the quarter, compared to the consensus estimate of $49.31 million. On average, research analysts expect that Capital Southwest Co. will post 2.47 EPS for the current year.

Capital Southwest Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.64 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 10.00%. This is an increase from Capital Southwest’s previous quarterly dividend of $0.57. Capital Southwest’s payout ratio is presently 113.17%.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their price objective on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a 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, industry consolidation, recapitalizations and growth capital investments.