Beacon Pointe Advisors LLC Acquires 362,981 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Beacon Pointe Advisors LLC lifted its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 855.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 405,411 shares of the asset manager's stock after purchasing an additional 362,981 shares during the period. Beacon Pointe Advisors LLC owned 0.94% of Capital Southwest worth $9,608,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Melia Wealth LLC bought a new position in Capital Southwest in the fourth quarter valued at about $16,171,000. Total Clarity Wealth Management Inc. bought a new position in Capital Southwest in the fourth quarter valued at about $2,229,000. Van ECK Associates Corp boosted its holdings in Capital Southwest by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 731,498 shares of the asset manager's stock valued at $17,337,000 after acquiring an additional 70,093 shares during the last quarter. Hodges Capital Management Inc. bought a new position in Capital Southwest in the third quarter valued at about $1,452,000. Finally, Foundations Investment Advisors LLC bought a new position in Capital Southwest in the fourth quarter valued at about $1,326,000. Institutional investors own 23.42% of the company's stock.

Capital Southwest Stock Down 1.5 %

Shares of NASDAQ CSWC traded down $0.40 during mid-day trading on Thursday, reaching $25.99. 418,871 shares of the company's stock were exchanged, compared to its average volume of 345,753. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.06 and a beta of 1.19. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $25.18 and a 200 day simple moving average of $24.12. Capital Southwest Co. has a twelve month low of $17.68 and a twelve month high of $27.22.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.28 dividend on an annualized basis and a yield of 8.77%. Capital Southwest's dividend payout ratio is 97.02%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities cut Capital Southwest from an "outperform" rating to a "market perform" rating in a report on Wednesday. B. Riley increased their target price on Capital Southwest from $23.50 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, January 31st. Finally, Raymond James increased their target price on Capital Southwest from $24.00 to $26.50 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $25.50.

Capital Southwest Company 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, 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.

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