Cornerstone Wealth Management LLC Grows Stock Position in Capital Southwest Co. (NASDAQ:CSWC)

Cornerstone Wealth Management LLC increased its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 39,166 shares of the asset manager’s stock after purchasing an additional 1,557 shares during the period. Cornerstone Wealth Management LLC’s holdings in Capital Southwest were worth $855,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its position in Capital Southwest by 4.2% in the third quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock valued at $282,000 after purchasing an additional 452 shares during the period. Hollencrest Capital Management raised its holdings in Capital Southwest by 8.6% in the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock valued at $165,000 after buying an additional 518 shares during the period. Confluence Investment Management LLC lifted its position in Capital Southwest by 1.3% in the third quarter. Confluence Investment Management LLC now owns 98,463 shares of the asset manager’s stock valued at $2,490,000 after buying an additional 1,251 shares during the last quarter. Barclays PLC boosted its stake in Capital Southwest by 1.7% during the third quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock worth $1,924,000 after buying an additional 1,263 shares during the period. Finally, Quarry LP acquired a new stake in shares of Capital Southwest during the third quarter valued at about $35,000. 23.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price objective on shares of 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 Price Performance

CSWC opened at $22.38 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 13.65 and a beta of 1.24. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $22.32 and its 200 day moving average price is $24.04. Capital Southwest Co. has a 12-month low of $20.68 and a 12-month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $48.71 million during the quarter, compared to analysts’ expectations of $49.79 million. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, sell-side analysts expect that Capital Southwest Co. will post 2.53 earnings per share for the current year.

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, industry consolidation, recapitalizations and growth capital investments.