Capital Southwest Co. (NASDAQ:CSWC) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 78,400 shares, a growth of 87.6% from the December 15th total of 41,800 shares. Based on an average daily volume of 108,800 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are sold short.
Several hedge funds have recently modified their holdings of the company. Sanders Morris Harris LLC increased its position in shares of Capital Southwest by 5.4% during the fourth quarter. Sanders Morris Harris LLC now owns 914,017 shares of the asset manager’s stock worth $19,231,000 after purchasing an additional 46,914 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Capital Southwest by 656.0% during the third quarter. Millennium Management LLC now owns 231,542 shares of the asset manager’s stock valued at $5,047,000 after buying an additional 200,916 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Capital Southwest by 31.8% during the third quarter. Squarepoint Ops LLC now owns 23,588 shares of the asset manager’s stock valued at $514,000 after buying an additional 5,687 shares during the last quarter. Colony Group LLC grew its holdings in shares of Capital Southwest by 59.1% during the third quarter. Colony Group LLC now owns 17,904 shares of the asset manager’s stock valued at $390,000 after buying an additional 6,654 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Capital Southwest by 521.3% during the third quarter. Tower Research Capital LLC TRC now owns 1,988 shares of the asset manager’s stock valued at $43,000 after buying an additional 1,668 shares during the last quarter. 45.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:CSWC opened at $20.78 on Friday. The company has a market capitalization of $372.59 million, a price-to-earnings ratio of 14.63 and a beta of 0.16. Capital Southwest has a 52 week low of $20.45 and a 52 week high of $22.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $21.46 and a 200 day moving average of $21.55.
Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Tuesday, November 5th. The asset manager reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). The business had revenue of $15.22 million during the quarter, compared to the consensus estimate of $15.28 million. Capital Southwest had a return on equity of 8.53% and a net margin of 44.96%. On average, sell-side analysts expect that Capital Southwest will post 1.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, December 19th. Capital Southwest’s payout ratio is presently 112.68%.
CSWC has been the subject of several recent research reports. National Securities initiated coverage on Capital Southwest in a research report on Monday, September 23rd. They issued a “buy” rating and a $23.00 price target for the company. BidaskClub lowered Capital Southwest from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. B. Riley reaffirmed a “hold” rating and set a $23.00 price target on shares of Capital Southwest in a research note on Tuesday, November 26th. Zacks Investment Research downgraded shares of Capital Southwest from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, ValuEngine downgraded shares of Capital Southwest from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.42.
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, 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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