Capital Asset Advisory Services LLC Makes New $244,000 Investment in Capital Southwest Co. (NASDAQ:CSWC)

Capital Asset Advisory Services LLC acquired a new position in shares of Capital Southwest Co. (NASDAQ:CSWC – Get Rating) during the 4th quarter, Holdings Channel reports. The fund acquired 9,654 shares of the asset manager’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp grew its stake in shares of Capital Southwest by 13.3% during the fourth quarter. Van ECK Associates Corp now owns 379,026 shares of the asset manager’s stock valued at $9,582,000 after buying an additional 44,394 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Capital Southwest by 51.6% during the third quarter. Geneos Wealth Management Inc. now owns 4,917 shares of the asset manager’s stock valued at $126,000 after buying an additional 1,673 shares during the last quarter. State Farm Mutual Automobile Insurance Co. bought a new position in shares of Capital Southwest during the third quarter valued at approximately $268,000. Advisor Group Holdings Inc. grew its stake in shares of Capital Southwest by 11.9% during the third quarter. Advisor Group Holdings Inc. now owns 36,726 shares of the asset manager’s stock valued at $926,000 after buying an additional 3,915 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Capital Southwest by 9.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 149,148 shares of the asset manager’s stock valued at $3,756,000 after buying an additional 12,690 shares during the last quarter. 23.94% of the stock is currently owned by institutional investors.

NASDAQ:CSWC traded up $0.38 during midday trading on Monday, hitting $23.69. The stock had a trading volume of 1,459 shares, compared to its average volume of 126,536. Capital Southwest Co. has a one year low of $22.52 and a one year high of $28.41. The company has a market capitalization of $566.81 million, a price-to-earnings ratio of 15.14 and a beta of 1.17. The stock has a 50-day moving average of $24.02 and a 200 day moving average of $25.43. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.56.

Capital Southwest (NASDAQ:CSWC – Get Rating) last announced its quarterly earnings data on Monday, January 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Capital Southwest had a return on equity of 10.50% and a net margin of 42.58%. The company had revenue of $22.31 million for the quarter, compared to analysts’ expectations of $20.62 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, sell-side analysts anticipate that Capital Southwest Co. will post 1.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 8.10%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.47. Capital Southwest’s dividend payout ratio is currently 124.68%.

A number of research analysts have recently commented on the company. TheStreet cut Capital Southwest from a “b-” rating to a “c” rating in a research note on Friday, February 4th. Hovde Group cut Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 23rd. StockNews.com assumed coverage on Capital Southwest in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut Capital Southwest from a “buy” rating to a “hold” rating in a research note on Monday, February 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.33.

Capital Southwest Profile (Get Rating)

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.

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