Tectonic Advisors LLC Acquires 26,145 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Tectonic Advisors LLC boosted its holdings in Capital Southwest Co. (NASDAQ:CSWC – Get Rating) by 32.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,722 shares of the asset manager’s stock after acquiring an additional 26,145 shares during the quarter. Tectonic Advisors LLC owned 0.36% of Capital Southwest worth $1,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates boosted its holdings in shares of Capital Southwest by 5.2% in the 1st quarter. Raymond James & Associates now owns 35,257 shares of the asset manager’s stock worth $837,000 after purchasing an additional 1,750 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Capital Southwest by 3.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,826 shares of the asset manager’s stock worth $613,000 after purchasing an additional 777 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Capital Southwest by 3.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,583 shares of the asset manager’s stock worth $488,000 after purchasing an additional 611 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Capital Southwest in the 1st quarter worth about $448,000. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Capital Southwest by 10.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 7,765 shares of the asset manager’s stock worth $196,000 after purchasing an additional 726 shares in the last quarter. 26.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CSWC shares. StockNews.com started coverage on Capital Southwest in a report on Wednesday, October 12th. They issued a “hold” rating for the company. B. Riley increased their target price on Capital Southwest from $20.00 to $21.50 and gave the company a “buy” rating in a report on Wednesday. Hovde Group dropped their target price on Capital Southwest to $21.00 in a report on Wednesday, October 5th. TheStreet cut Capital Southwest from a “b-” rating to a “c” rating in a report on Monday. Finally, JMP Securities restated a “market outperform” rating and set a $22.00 target price on shares of Capital Southwest in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Capital Southwest has a consensus rating of “Moderate Buy” and a consensus target price of $21.88.

Capital Southwest Trading Up 1.0 %

CSWC traded up $0.20 during midday trading on Wednesday, reaching $20.01. 133,017 shares of the company’s stock traded hands, compared to its average volume of 239,025. The firm has a fifty day moving average of $17.99 and a two-hundred day moving average of $18.53. The stock has a market capitalization of $590.70 million, a price-to-earnings ratio of 14.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.16 and a quick ratio of 0.16. Capital Southwest Co. has a 52 week low of $16.28 and a 52 week high of $26.50.

Capital Southwest (NASDAQ:CSWC – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The asset manager reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $32.77 million during the quarter, compared to analyst estimates of $30.12 million. Capital Southwest had a return on equity of 12.97% and a net margin of 33.53%. During the same quarter in the prior year, the company posted $0.51 EPS. On average, equities analysts anticipate that Capital Southwest Co. will post 2.19 earnings per share for the current fiscal year.

Capital Southwest Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.58 per share. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, March 14th. This represents a $2.32 dividend on an annualized basis and a yield of 11.59%. Capital Southwest’s dividend payout ratio is presently 151.82%.

Capital Southwest Profile

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Capital Southwest is a publicly–owned business development company with total assets of $496 million as of June 30, 2010. We provide patient capital to exceptional businesses with significant growth potential. As a public company, we have the flexibility to hold investments indefinitely, which has provided the management teams of our holdings a stable ownership platform since we were founded in 1961.