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

Harbor Capital Advisors Inc. lifted its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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. owned 0.84% of Capital Southwest worth $8,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CSWC. Creative Planning grew its stake in Capital Southwest by 4.2% during the third quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock worth $282,000 after buying an additional 452 shares in the last quarter. Hollencrest Capital Management lifted its holdings in shares of Capital Southwest by 8.6% during the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after acquiring an additional 518 shares during the period. Confluence Investment Management LLC boosted its position in shares of Capital Southwest by 1.3% during the 3rd quarter. Confluence Investment Management LLC now owns 98,463 shares of the asset manager’s stock worth $2,490,000 after acquiring an additional 1,251 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Capital Southwest by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 69,218 shares of the asset manager’s stock valued at $1,806,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Barclays PLC raised its position in Capital Southwest by 1.7% during the third quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock valued at $1,924,000 after purchasing an additional 1,263 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

Shares of Capital Southwest stock traded down $0.20 during midday trading on Friday, hitting $21.74. 142,945 shares of the company traded hands, compared to its average volume of 389,234. The firm’s fifty day moving average price is $22.47 and its 200-day moving average price is $24.36. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 13.26 and a beta of 1.24. Capital Southwest Co. has a 12 month low of $20.68 and a 12 month high of $27.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The company had revenue of $48.71 million during the quarter, compared to analysts’ expectations of $49.79 million. During the same period in the prior year, the company earned $0.69 EPS. As a group, sell-side analysts forecast that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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, industry consolidation, recapitalizations and growth capital investments.