Sovereign s Capital Management LLC Invests $1.47 Million in Capital Southwest Co. (NASDAQ:CSWC)

Sovereign s Capital Management LLC bought a new position in shares of Capital Southwest Co. (NASDAQ:CSWC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 67,575 shares of the asset manager’s stock, valued at approximately $1,474,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP increased its position in Capital Southwest by 17.3% in the 4th quarter. Two Sigma Advisers LP now owns 774,600 shares of the asset manager’s stock valued at $16,902,000 after acquiring an additional 114,000 shares during the period. Two Sigma Investments LP increased its position in Capital Southwest by 42.2% in the 4th quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager’s stock valued at $14,702,000 after acquiring an additional 200,060 shares during the period. Focus Partners Wealth increased its position in Capital Southwest by 6.6% in the 4th quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager’s stock valued at $207,000 after acquiring an additional 585 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in Capital Southwest in the 4th quarter valued at about $2,218,000. Finally, Cetera Investment Advisers increased its position in Capital Southwest by 56.5% in the 4th quarter. Cetera Investment Advisers now owns 53,524 shares of the asset manager’s stock valued at $1,168,000 after acquiring an additional 19,323 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Performance

NASDAQ CSWC opened at $21.37 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $20.66 and its two-hundred day moving average is $21.93. Capital Southwest Co. has a 12-month low of $17.46 and a 12-month high of $27.23. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.16 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Wednesday, May 14th. The asset manager reported $0.54 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.08). The firm had revenue of $52.34 million for the quarter, compared to analysts’ expectations of $52.83 million. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. During the same period last year, the firm earned $0.68 EPS. Research analysts expect that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date is Friday, June 13th. Capital Southwest’s payout ratio is currently 156.76%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group dropped their price target on Capital Southwest from $23.50 to $20.50 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded Capital Southwest from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th. Finally, Raymond James dropped their price target on Capital Southwest from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday.

Capital Southwest Company 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.