Quadrature Capital Ltd Increases Stake in Capital Southwest Co. (NASDAQ:CSWC)

Quadrature Capital Ltd increased its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 71.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,646 shares of the asset manager’s stock after purchasing an additional 24,075 shares during the period. Quadrature Capital Ltd owned approximately 0.13% of Capital Southwest worth $1,366,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Melia Wealth LLC purchased a new stake in Capital Southwest during the 4th quarter valued at $16,171,000. Beacon Pointe Advisors LLC lifted its position in shares of Capital Southwest by 855.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 405,411 shares of the asset manager’s stock worth $9,608,000 after purchasing an additional 362,981 shares during the period. Total Clarity Wealth Management Inc. purchased a new stake in shares of Capital Southwest in the 4th quarter worth about $2,229,000. Van ECK Associates Corp lifted its position in shares of Capital Southwest by 10.6% in the 4th quarter. Van ECK Associates Corp now owns 731,498 shares of the asset manager’s stock worth $17,337,000 after purchasing an additional 70,093 shares during the period. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Capital Southwest in the 3rd quarter worth about $1,452,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Wall Street Analyst Weigh In

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

Capital Southwest Stock Performance

CSWC opened at $25.50 on Thursday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 12.44 and a beta of 1.21. The company’s 50 day moving average is $25.80 and its 200 day moving average is $24.77. Capital Southwest Co. has a 12-month low of $18.84 and a 12-month high of $27.22.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Tuesday, May 14th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $46.43 million for the quarter, compared to the consensus estimate of $46.01 million. Capital Southwest had a net margin of 46.81% and a return on equity of 15.88%. On average, equities research analysts predict that Capital Southwest Co. will post 2.66 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 8.94%. The ex-dividend date is Friday, June 14th. Capital Southwest’s dividend payout ratio is currently 111.22%.

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, 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.