Two Sigma Advisers LP Reduces Position in Capital Southwest Co. (NASDAQ:CSWC)

Two Sigma Advisers LP decreased its position in Capital Southwest Co. (NASDAQ:CSWC) by 11.7% in the third quarter, HoldingsChannel.com reports. The fund owned 660,600 shares of the asset manager’s stock after selling 87,700 shares during the period. Two Sigma Advisers LP’s holdings in Capital Southwest were worth $16,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waterfall Asset Management LLC acquired a new position in shares of Capital Southwest in the second quarter valued at about $995,000. Blue Trust Inc. boosted its position in Capital Southwest by 1,539.2% in the third quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager’s stock valued at $186,000 after buying an additional 6,711 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Capital Southwest by 146.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock worth $9,804,000 after buying an additional 230,513 shares during the period. Benjamin Edwards Inc. raised its position in Capital Southwest by 970.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock worth $2,028,000 after buying an additional 72,710 shares during the last quarter. Finally, Creative Planning lifted its stake in Capital Southwest by 4.2% during the 3rd quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock valued at $282,000 after acquiring an additional 452 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Up 0.1 %

Shares of CSWC opened at $22.92 on Monday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.98 and a beta of 1.23. Capital Southwest Co. has a 52 week low of $22.01 and a 52 week high of $27.23. The stock’s 50-day moving average price is $24.16 and its 200-day moving average price is $25.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same period in the previous year, the company posted $0.69 earnings per share. On average, sell-side analysts predict that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date is Friday, December 13th. Capital Southwest’s dividend payout ratio (DPR) is presently 141.46%.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective 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.

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.