Harbor Capital Advisors Inc. Has $8.70 Million Stake in Capital Southwest Co. (NASDAQ:CSWC)

Harbor Capital Advisors Inc. lifted its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 398,887 shares of the asset manager’s stock after purchasing an additional 11,240 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Capital Southwest were worth $8,704,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CSWC. Quarry LP acquired a new stake in Capital Southwest during the 3rd quarter worth about $35,000. EverSource Wealth Advisors LLC bought a new stake in shares of Capital Southwest during the 2nd quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Capital Southwest during the 2nd quarter valued at about $104,000. Nisa Investment Advisors LLC acquired a new stake in Capital Southwest during the third quarter worth approximately $106,000. Finally, Hollencrest Capital Management increased its holdings in Capital Southwest by 8.6% in the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after purchasing an additional 518 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Down 0.9 %

Capital Southwest stock traded down $0.20 during midday trading on Friday, reaching $21.74. The stock had a trading volume of 142,945 shares, compared to its average volume of 389,234. The company has a fifty day moving average price of $22.47 and a two-hundred day moving average price of $24.36. Capital Southwest Co. has a 12 month low of $20.68 and a 12 month high of $27.23. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.04 billion, a P/E ratio of 13.26 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The firm had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.79 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. As a group, equities analysts expect that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.59%. The ex-dividend date of this dividend was Friday, December 13th. Capital Southwest’s dividend payout ratio (DPR) is 141.46%.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

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, industry consolidation, recapitalizations and growth capital investments.