Cozad Asset Management Inc. Acquires New Position in Capital Southwest Co. (NASDAQ:CSWC)

Cozad Asset Management Inc. acquired a new stake in shares of Capital Southwest Co. (NASDAQ:CSWC) in the first quarter, HoldingsChannel reports. The fund acquired 62,370 shares of the asset manager’s stock, valued at approximately $1,557,000.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC boosted its stake in Capital Southwest by 1.5% during the 4th quarter. Sound Income Strategies LLC now owns 532,307 shares of the asset manager’s stock valued at $12,616,000 after purchasing an additional 7,913 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Capital Southwest by 5.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 33,426 shares of the asset manager’s stock valued at $792,000 after purchasing an additional 1,733 shares during the period. Raymond James Trust N.A. boosted its stake in Capital Southwest by 9.9% during the 4th quarter. Raymond James Trust N.A. now owns 17,324 shares of the asset manager’s stock valued at $411,000 after purchasing an additional 1,563 shares during the period. Mutual Advisors LLC acquired a new position in Capital Southwest during the 4th quarter valued at about $201,000. Finally, Raymond James & Associates boosted its stake in Capital Southwest by 15.2% during the 4th quarter. Raymond James & Associates now owns 103,744 shares of the asset manager’s stock valued at $2,459,000 after purchasing an additional 13,667 shares during the period. Institutional investors own 23.42% of the company’s stock.

Analyst Upgrades and Downgrades

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.

Capital Southwest Price Performance

Shares of NASDAQ:CSWC traded down $0.06 during trading on Wednesday, reaching $26.83. The company had a trading volume of 182,489 shares, compared to its average volume of 336,842. The firm’s fifty day moving average is $26.13 and its 200 day moving average is $25.18. The firm has a market capitalization of $1.23 billion, a PE ratio of 13.09 and a beta of 1.24. Capital Southwest Co. has a twelve month low of $20.55 and a twelve month high of $27.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.18 and a current ratio of 0.18.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly 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. The company had revenue of $46.43 million during the quarter, compared to analyst estimates of $46.01 million. Capital Southwest had a net margin of 46.81% and a return on equity of 15.88%. On average, equities analysts forecast that Capital Southwest Co. will post 2.66 EPS for the current year.

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 8.50%. The ex-dividend date was Friday, June 14th. Capital Southwest’s dividend payout ratio is presently 111.22%.

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.