Benjamin Edwards Inc. Purchases 72,710 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Benjamin Edwards Inc. lifted its position in Capital Southwest Co. (NASDAQ:CSWC) by 970.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,201 shares of the asset manager’s stock after buying an additional 72,710 shares during the quarter. Benjamin Edwards Inc. owned about 0.17% of Capital Southwest worth $2,028,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Waterfall Asset Management LLC bought a new stake in shares of Capital Southwest in the 2nd quarter valued at approximately $995,000. Blue Trust Inc. grew its stake in shares of Capital Southwest by 1,539.2% in 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. Harbor Capital Advisors Inc. grew its stake in shares of Capital Southwest by 146.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock valued at $9,804,000 after buying an additional 230,513 shares in the last quarter. Creative Planning boosted its position in Capital Southwest by 4.2% during the third quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock worth $282,000 after purchasing an additional 452 shares during the period. Finally, Legacy Capital Wealth Partners LLC bought a new stake in Capital Southwest during the second quarter worth approximately $1,775,000. Institutional investors own 23.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their target price on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Capital Southwest Stock Down 0.6 %

Shares of Capital Southwest stock opened at $23.35 on Thursday. The stock has a market capitalization of $1.11 billion, a P/E ratio of 14.24 and a beta of 1.23. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $24.25 and a two-hundred day moving average price of $25.05. Capital Southwest Co. has a 12-month low of $22.01 and a 12-month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The company had revenue of $48.71 million during the quarter, compared to analyst estimates of $49.79 million. During the same period in the previous year, the company earned $0.69 earnings per share. Equities analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 10.79%. Capital Southwest’s dividend payout ratio (DPR) is presently 141.46%.

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.