Capital Southwest Co. (NASDAQ:CSWC) Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC) by 7.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,376 shares of the asset manager’s stock after acquiring an additional 4,813 shares during the period. Hodges Capital Management Inc. owned approximately 0.17% of Capital Southwest worth $1,806,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CSWC. Global Retirement Partners LLC acquired a new stake in shares of Capital Southwest during the 4th quarter valued at about $26,000. Cape Investment Advisory Inc. purchased a new position in Capital Southwest in the 4th quarter valued at about $31,000. Morton Brown Family Wealth LLC purchased a new position in Capital Southwest in the 4th quarter valued at about $34,000. USA Financial Formulas purchased a new position in Capital Southwest in the 4th quarter valued at about $47,000. Finally, Signaturefd LLC lifted its stake in Capital Southwest by 121.1% in the 4th quarter. Signaturefd LLC now owns 2,563 shares of the asset manager’s stock valued at $61,000 after buying an additional 1,404 shares in the last quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Trading Up 0.7 %

Shares of Capital Southwest stock opened at $26.09 on Friday. 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 firm’s 50-day moving average price is $25.93 and its 200 day moving average price is $24.89. Capital Southwest Co. has a twelve month low of $19.52 and a twelve month high of $27.22. The firm has a market capitalization of $1.20 billion, a PE ratio of 12.73 and a beta of 1.21.

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

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders 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 8.74%. The ex-dividend date was Friday, June 14th. Capital Southwest’s dividend payout ratio (DPR) is 111.22%.

Wall Street Analysts Forecast Growth

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

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.