Tectonic Advisors LLC Grows Stock Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Tectonic Advisors LLC grew its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 328,834 shares of the asset manager’s stock after acquiring an additional 48,442 shares during the period. Tectonic Advisors LLC’s holdings in Capital Southwest were worth $8,316,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CSWC. EntryPoint Capital LLC acquired a new position in shares of Capital Southwest in the 1st quarter valued at $28,000. Larson Financial Group LLC lifted its stake in shares of Capital Southwest by 101.7% in the 1st quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 1,017 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Southwest in the 2nd quarter valued at $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Capital Southwest in the 2nd quarter valued at $104,000. Finally, Blue Trust Inc. raised its position in Capital Southwest by 1,539.2% during the third quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager’s stock worth $186,000 after acquiring an additional 6,711 shares during the period. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Price Performance

Capital Southwest stock opened at $25.59 on Friday. Capital Southwest Co. has a 52-week low of $20.72 and a 52-week high of $27.23. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.48 and a beta of 1.24. The company has a fifty day simple moving average of $25.17 and a 200-day simple moving average of $25.52. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, August 5th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.03). Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. The business had revenue of $51.35 million for the quarter, compared to analysts’ expectations of $49.31 million. On average, equities analysts anticipate that Capital Southwest Co. will post 2.47 EPS for the current fiscal year.

Capital Southwest Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.64 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 10.00%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.57. Capital Southwest’s dividend payout ratio is currently 113.17%.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Capital Southwest 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.