Sumitomo Mitsui Trust Group Inc. Has $2.60 Million Stake in Capital Southwest Co. (NASDAQ:CSWC)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 102,879 shares of the asset manager’s stock after buying an additional 4,117 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Capital Southwest were worth $2,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Creative Planning lifted its position in shares of Capital Southwest by 4.2% during the 3rd quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock worth $282,000 after buying an additional 452 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of Capital Southwest by 8.6% during the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after buying an additional 518 shares in the last quarter. First Dallas Securities Inc. lifted its position in shares of Capital Southwest by 1.5% during the 2nd quarter. First Dallas Securities Inc. now owns 54,223 shares of the asset manager’s stock worth $1,415,000 after buying an additional 775 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Capital Southwest by 1.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 55,254 shares of the asset manager’s stock worth $1,265,000 after purchasing an additional 923 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of Capital Southwest in the 1st quarter worth approximately $28,000. Institutional investors own 23.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price target on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th.

Capital Southwest Trading Down 0.1 %

NASDAQ:CSWC opened at $22.86 on Tuesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.09 billion, a PE ratio of 13.95 and a beta of 1.25. The firm’s 50 day moving average is $24.75 and its 200 day moving average is $25.34. Capital Southwest Co. has a 12 month low of $22.01 and a 12 month high of $27.23.

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

Capital Southwest Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.63 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a yield of 11.02%. Capital Southwest’s dividend payout ratio is 141.46%.

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.