Capital Southwest (NASDAQ:CSWC) Shares Down 2%

Capital Southwest Co. (NASDAQ:CSWC) shares fell 2% during trading on Friday . The stock traded as low as $24.90 and last traded at $24.91. 25,215 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 312,511 shares. The stock had previously closed at $25.41.

Analyst Ratings Changes

Separately, B. Riley reduced their target price on Capital Southwest from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Capital Southwest Stock Down 1.8 %

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.40 and a beta of 1.24. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $25.30 and a 200 day moving average price of $25.32.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, August 5th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.03). Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. The firm had revenue of $51.35 million for the quarter, compared to analyst estimates of $49.31 million. Sell-side analysts anticipate that Capital Southwest Co. will post 2.5 EPS for the current fiscal year.

Capital Southwest Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.64 per share. This is an increase from Capital Southwest’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, September 13th. This represents a $2.56 annualized dividend and a yield of 10.26%. Capital Southwest’s dividend payout ratio is currently 111.22%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Capital Southwest during the 1st quarter worth $28,000. Cape Investment Advisory Inc. acquired a new position in Capital Southwest during the 4th quarter worth $31,000. Larson Financial Group LLC lifted its holdings in Capital Southwest by 101.7% during the 1st quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager’s stock worth $50,000 after buying an additional 1,017 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Capital Southwest during the 2nd quarter valued at $58,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Capital Southwest during the 2nd quarter valued at $104,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

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, 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.