Capital Southwest Co. (NASDAQ:CSWC) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 9.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 36,600 shares of the asset manager’s stock after purchasing an additional 3,174 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Capital Southwest were worth $914,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSWC. Global Retirement Partners LLC acquired a new stake in Capital Southwest during the 4th quarter worth about $26,000. Cape Investment Advisory Inc. acquired a new stake in Capital Southwest during the 4th quarter worth about $31,000. Morton Brown Family Wealth LLC acquired a new stake in Capital Southwest during the 4th quarter worth about $34,000. USA Financial Formulas acquired a new stake in Capital Southwest during the 4th quarter worth about $47,000. Finally, Signaturefd LLC grew its position in Capital Southwest by 121.1% during the 4th quarter. Signaturefd LLC now owns 2,563 shares of the asset manager’s stock worth $61,000 after purchasing an additional 1,404 shares during the period. 23.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities downgraded Capital Southwest from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 15th.

Capital Southwest Price Performance

Shares of NASDAQ:CSWC traded up $0.09 during trading on Thursday, reaching $26.67. 120,894 shares of the company’s stock traded hands, compared to its average volume of 281,081. Capital Southwest Co. has a fifty-two week low of $19.59 and a fifty-two week high of $27.22. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.22 billion, a PE ratio of 13.01 and a beta of 1.24. The company has a 50-day simple moving average of $25.98 and a 200-day simple moving average of $24.96.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Tuesday, May 14th. The asset manager reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $46.43 million for the quarter, compared to analysts’ expectations of $46.01 million. Capital Southwest had a return on equity of 15.88% and a net margin of 46.81%. As a group, analysts predict that Capital Southwest Co. will post 2.66 earnings per share for the current year.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend was Friday, June 14th. Capital Southwest’s dividend payout ratio is presently 111.22%.

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.