Van ECK Associates Corp Purchases 38,051 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Van ECK Associates Corp lifted its position in Capital Southwest Co. (NASDAQ:CSWC) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,190,204 shares of the asset manager’s stock after buying an additional 38,051 shares during the period. Van ECK Associates Corp’s holdings in Capital Southwest were worth $25,970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CSWC. Creative Planning increased its holdings in shares of Capital Southwest by 4.5% in the second quarter. Creative Planning now owns 10,709 shares of the asset manager’s stock worth $279,000 after purchasing an additional 464 shares during the period. Good Life Advisors LLC bought a new position in Capital Southwest in the third quarter valued at $364,000. Blue Trust Inc. increased its stake in Capital Southwest by 1,539.2% in the third quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager’s stock valued at $186,000 after acquiring an additional 6,711 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Capital Southwest by 20.4% in the third quarter. Foundations Investment Advisors LLC now owns 81,129 shares of the asset manager’s stock valued at $2,052,000 after acquiring an additional 13,726 shares during the last quarter. Finally, Tectonic Advisors LLC increased its stake in Capital Southwest by 17.3% in the third quarter. Tectonic Advisors LLC now owns 328,834 shares of the asset manager’s stock valued at $8,316,000 after acquiring an additional 48,442 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Up 0.6 %

Shares of NASDAQ:CSWC opened at $23.46 on Friday. The stock’s 50-day moving average price is $22.20 and its 200-day moving average price is $23.68. Capital Southwest Co. has a 12-month low of $20.68 and a 12-month high of $27.23. The stock has a market capitalization of $1.19 billion, a P/E ratio of 16.64 and a beta of 1.24. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 0.64.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. On average, equities analysts anticipate that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 9.89%. Capital Southwest’s dividend payout ratio (DPR) is currently 164.54%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSWC shares. B. Riley increased their target price on Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com raised Capital Southwest from a “sell” rating to a “hold” rating in a research note on Saturday.

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.