Van ECK Associates Corp Boosts Position in Capital Southwest Co. (NASDAQ:CSWC)

Van ECK Associates Corp boosted its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,498 shares of the asset manager’s stock after buying an additional 70,093 shares during the quarter. Van ECK Associates Corp’s holdings in Capital Southwest were worth $17,337,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CSWC. SMH Capital Advisors Inc. raised its stake in shares of Capital Southwest by 3.6% during the third quarter. SMH Capital Advisors Inc. now owns 17,023 shares of the asset manager’s stock valued at $390,000 after acquiring an additional 592 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Capital Southwest during the 4th quarter worth $26,000. Golden Green Inc. raised its position in Capital Southwest by 1.1% during the 3rd quarter. Golden Green Inc. now owns 122,481 shares of the asset manager’s stock valued at $2,805,000 after purchasing an additional 1,317 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Capital Southwest by 121.1% in the 4th quarter. Signaturefd LLC now owns 2,563 shares of the asset manager’s stock worth $61,000 after buying an additional 1,404 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Capital Southwest during the 4th quarter worth $34,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Trading Up 1.4 %

Shares of NASDAQ:CSWC opened at $26.18 on Thursday. 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 company has a market capitalization of $1.13 billion, a PE ratio of 11.14 and a beta of 1.21. Capital Southwest Co. has a 12-month low of $17.36 and a 12-month high of $26.34. The business’s fifty day simple moving average is $24.64 and its 200-day simple moving average is $23.75.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Tuesday, January 30th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. The company had revenue of $48.57 million for the quarter, compared to analyst estimates of $45.12 million. Capital Southwest had a return on equity of 15.82% and a net margin of 52.16%. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, equities research analysts predict that Capital Southwest Co. will post 2.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CSWC has been the subject of several recent research reports. B. Riley lifted their price objective on Capital Southwest from $23.50 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Raymond James raised their target price on shares of Capital Southwest from $24.00 to $26.50 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 price target on shares of Capital Southwest in a research report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

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, 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.