Capital Southwest (NASDAQ:CSWC) Sees Unusually-High Trading Volume After Better-Than-Expected Earnings

Capital Southwest Co. (NASDAQ:CSWC) shares saw unusually-strong trading volume on Tuesday after the company announced better than expected quarterly earnings. Approximately 427,025 shares changed hands during trading, an increase of 3% from the previous session’s volume of 412,606 shares.The stock last traded at $22.98 and had previously closed at $22.28.

The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Capital Southwest

Several institutional investors have recently modified their holdings of CSWC. Creative Planning raised its holdings 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 purchasing an additional 452 shares in the last quarter. Hollencrest Capital Management raised its stake in 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 in the last quarter. Confluence Investment Management LLC lifted its position in Capital Southwest by 1.3% in the third quarter. Confluence Investment Management LLC now owns 98,463 shares of the asset manager’s stock valued at $2,490,000 after acquiring an additional 1,251 shares during the last quarter. Barclays PLC boosted its stake in Capital Southwest by 1.7% in the third quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock valued at $1,924,000 after acquiring an additional 1,263 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Capital Southwest during the third quarter worth about $35,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 13.97 and a beta of 1.24. The stock has a 50-day moving average price of $22.25 and a 200 day moving average price of $23.86.

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.