Balyasny Asset Management L.P. Buys New Stake in Capital Southwest Co. (NASDAQ:CSWC)

Balyasny Asset Management L.P. bought a new position in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,001,199 shares of the asset manager's stock, valued at approximately $21,846,000. Balyasny Asset Management L.P. owned 1.98% of Capital Southwest as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of Capital Southwest by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 1,190,204 shares of the asset manager's stock worth $25,970,000 after purchasing an additional 38,051 shares in the last quarter. Sanders Morris Harris LLC grew its stake in Capital Southwest by 28.0% in the 4th quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager's stock worth $17,579,000 after acquiring an additional 178,420 shares during the period. Zuckerman Investment Group LLC grew its stake in Capital Southwest by 4.8% in the 4th quarter. Zuckerman Investment Group LLC now owns 672,468 shares of the asset manager's stock worth $14,983,000 after acquiring an additional 31,009 shares during the period. Sound Income Strategies LLC grew its stake in Capital Southwest by 2.9% in the 4th quarter. Sound Income Strategies LLC now owns 578,541 shares of the asset manager's stock worth $12,624,000 after acquiring an additional 16,462 shares during the period. Finally, Beacon Pointe Advisors LLC grew its stake in Capital Southwest by 1,481.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 490,291 shares of the asset manager's stock worth $10,698,000 after acquiring an additional 459,291 shares during the period. Institutional investors and hedge funds own 23.42% of the company's stock.

Capital Southwest Trading Up 4.3%

Shares of NASDAQ CSWC traded up $0.86 during trading on Monday, hitting $20.87. 631,503 shares of the company traded hands, compared to its average volume of 435,149. Capital Southwest Co. has a 1 year low of $17.46 and a 1 year high of $27.23. The company has a 50-day moving average price of $20.81 and a 200-day moving average price of $22.06. The firm has a market capitalization of $1.06 billion, a P/E ratio of 14.77 and a beta of 0.95. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64.

Capital Southwest Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 13th. This represents a $2.32 annualized dividend and a dividend yield of 11.12%. Capital Southwest's dividend payout ratio is presently 164.54%.

Analysts Set New Price Targets

Several research firms have commented on CSWC. StockNews.com raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. UBS Group lowered their target price on shares of Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research note on Thursday, April 17th.

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.