Dearborn Partners LLC Buys Shares of 16,483 Capital Southwest Co. (NASDAQ:CSWC)

Dearborn Partners LLC bought a new stake in Capital Southwest Co. (NASDAQ:CSWC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,483 shares of the asset manager’s stock, valued at approximately $411,000.

Several other institutional investors and hedge funds have also made changes to their positions in CSWC. Sanders Morris Harris LLC acquired a new stake in shares of Capital Southwest during the 1st quarter valued at approximately $16,079,000. Beacon Pointe Advisors LLC grew its stake in Capital Southwest by 855.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 405,411 shares of the asset manager’s stock worth $9,608,000 after buying an additional 362,981 shares during the last quarter. Van ECK Associates Corp grew its stake in Capital Southwest by 15.8% during the 1st quarter. Van ECK Associates Corp now owns 847,225 shares of the asset manager’s stock worth $21,147,000 after buying an additional 115,727 shares during the last quarter. Confluence Investment Management LLC bought a new position in Capital Southwest during the 1st quarter worth $2,391,000. Finally, Total Clarity Wealth Management Inc. bought a new position in Capital Southwest during the 4th quarter worth $2,229,000. 23.42% of the stock is owned by institutional investors and hedge funds.

Capital Southwest Stock Performance

Shares of NASDAQ:CSWC traded down $0.57 on Thursday, hitting $26.26. The company’s stock had a trading volume of 145,356 shares, compared to its average volume of 335,383. Capital Southwest Co. has a 12 month low of $20.55 and a 12 month high of $27.23. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 13.03 and a beta of 1.24. The stock’s 50-day moving average is $26.13 and its two-hundred day moving average is $25.18. 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 released its quarterly earnings results on Tuesday, May 14th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Capital Southwest had a return on equity of 15.88% and a net margin of 46.81%. The company had revenue of $46.43 million during the quarter, compared to analysts’ expectations of $46.01 million. On average, equities research analysts forecast that Capital Southwest Co. will post 2.66 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.28 annualized dividend and a dividend yield of 8.68%. Capital Southwest’s dividend payout ratio (DPR) is 111.22%.

Analyst Upgrades and Downgrades

Separately, JMP Securities downgraded Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 15th.

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.