Waterfall Asset Management LLC Invests $995,000 in Capital Southwest Co. (NASDAQ:CSWC)

Waterfall Asset Management LLC purchased a new position in Capital Southwest Co. (NASDAQ:CSWC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 38,128 shares of the asset manager’s stock, valued at approximately $995,000. Capital Southwest comprises 0.7% of Waterfall Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Waterfall Asset Management LLC owned approximately 0.08% of Capital Southwest as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CSWC. Van ECK Associates Corp increased its position in Capital Southwest by 25.0% during the second quarter. Van ECK Associates Corp now owns 1,059,217 shares of the asset manager’s stock worth $27,635,000 after buying an additional 211,992 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in Capital Southwest during the first quarter worth $16,079,000. Sound Income Strategies LLC increased its position in Capital Southwest by 1.0% during the second quarter. Sound Income Strategies LLC now owns 555,387 shares of the asset manager’s stock worth $14,490,000 after buying an additional 5,732 shares during the last quarter. Tectonic Advisors LLC increased its position in Capital Southwest by 6.1% during the first quarter. Tectonic Advisors LLC now owns 256,698 shares of the asset manager’s stock worth $6,407,000 after buying an additional 14,763 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Capital Southwest by 4.8% during the first quarter. Advisors Asset Management Inc. now owns 171,087 shares of the asset manager’s stock worth $4,270,000 after buying an additional 7,855 shares during the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

Capital Southwest Trading Down 0.2 %

Shares of NASDAQ:CSWC opened at $25.36 on Friday. The company has a market cap of $1.16 billion, a P/E ratio of 12.37 and a beta of 1.24. The stock’s 50-day moving average is $25.10 and its 200-day moving average is $25.37. Capital Southwest Co. has a 52-week low of $20.72 and a 52-week high of $27.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, August 5th. The asset manager reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.03). Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. The company had revenue of $51.35 million during the quarter, compared to the consensus estimate of $49.31 million. Equities research analysts predict that Capital Southwest Co. will post 2.5 earnings per share for the current year.

Capital Southwest Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 10.09%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Capital Southwest’s previous quarterly dividend of $0.57. Capital Southwest’s dividend payout ratio (DPR) is presently 113.17%.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their target price on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating on the stock 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, 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.