Benjamin F. Edwards & Company Inc. Boosts Position in Capital Southwest Co. (NASDAQ:CSWC)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,218 shares of the asset manager’s stock after buying an additional 1,253 shares during the quarter. Benjamin F. Edwards & Company Inc. owned approximately 0.15% of Capital Southwest worth $1,806,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CSWC. EntryPoint Capital LLC purchased a new stake in shares of Capital Southwest in the first quarter valued at approximately $28,000. Cape Investment Advisory Inc. bought a new position in shares of Capital Southwest during the 4th quarter worth $31,000. Larson Financial Group LLC increased its stake in shares of Capital Southwest by 101.7% during the first quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager’s stock valued at $50,000 after buying an additional 1,017 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of Capital Southwest during the first quarter valued at $194,000. Finally, Precision Wealth Strategies LLC purchased a new position in shares of Capital Southwest during the fourth quarter valued at $204,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Trading Down 0.2 %

CSWC opened at $25.36 on Monday. 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 market cap of $1.16 billion, a price-to-earnings ratio of 12.37 and a beta of 1.24. Capital Southwest Co. has a 12 month low of $20.72 and a 12 month high of $27.23. The stock has a fifty day moving average price of $25.10 and a 200-day moving average price of $25.38.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, August 5th. The asset manager reported $0.63 EPS 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 firm had revenue of $51.35 million for the quarter, compared to analysts’ expectations of $49.31 million. As a group, equities research analysts anticipate that Capital Southwest Co. will post 2.5 earnings per share for the current fiscal year.

Capital Southwest Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.64 dividend. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.57. This represents a $2.56 annualized dividend and a yield of 10.09%. The ex-dividend date of this dividend is Friday, September 13th. Capital Southwest’s payout ratio is currently 113.17%.

Wall Street Analyst Weigh In

Separately, B. Riley cut 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.

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.