Sovereign s Capital Management LLC Purchases Shares of 67,575 Capital Southwest Co. (NASDAQ:CSWC)

Sovereign s Capital Management LLC bought a new position in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 67,575 shares of the asset manager's stock, valued at approximately $1,474,000. Sovereign s Capital Management LLC owned approximately 0.13% of Capital Southwest as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP lifted its stake in Capital Southwest by 17.3% during the fourth quarter. Two Sigma Advisers LP now owns 774,600 shares of the asset manager's stock worth $16,902,000 after purchasing an additional 114,000 shares during the last quarter. Two Sigma Investments LP lifted its stake in Capital Southwest by 42.2% during the fourth quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager's stock worth $14,702,000 after purchasing an additional 200,060 shares during the last quarter. Focus Partners Wealth lifted its stake in Capital Southwest by 6.6% during the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock worth $207,000 after purchasing an additional 585 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Capital Southwest during the fourth quarter worth about $2,218,000. Finally, Cetera Investment Advisers lifted its stake in Capital Southwest by 56.5% during the fourth quarter. Cetera Investment Advisers now owns 53,524 shares of the asset manager's stock worth $1,168,000 after purchasing an additional 19,323 shares during the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group dropped their price target on Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised Capital Southwest from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Raymond James dropped their price target on Capital Southwest from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th.

Capital Southwest Trading Up 0.0%

Shares of NASDAQ CSWC traded up $0.01 during midday trading on Friday, reaching $20.60. The company had a trading volume of 665,678 shares, compared to its average volume of 439,457. Capital Southwest Co. has a one year low of $17.46 and a one year high of $27.23. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. The firm's fifty day moving average price is $20.56 and its 200-day moving average price is $21.87. The stock has a market cap of $1.04 billion, a PE ratio of 14.61 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its earnings results on Wednesday, May 14th. The asset manager reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.08). Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. The company had revenue of $52.34 million during the quarter, compared to the consensus estimate of $52.83 million. During the same period last year, the firm posted $0.68 EPS. On average, equities research analysts anticipate that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date is Friday, June 13th. Capital Southwest's dividend payout ratio (DPR) is presently 156.76%.

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.