MML Investors Services LLC Acquires 56,919 Shares of Capital Southwest Co. (NASDAQ:CSWC)

MML Investors Services LLC grew its stake in Capital Southwest Co. (NASDAQ:CSWC) by 124.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,730 shares of the asset manager’s stock after acquiring an additional 56,919 shares during the quarter. MML Investors Services LLC owned 0.22% of Capital Southwest worth $2,598,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CSWC. Quarry LP bought a new stake in shares of Capital Southwest in the third quarter worth about $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Southwest in the 2nd quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. bought a new stake in Capital Southwest during the 2nd quarter worth approximately $104,000. Nisa Investment Advisors LLC acquired a new stake in Capital Southwest during the 3rd quarter worth approximately $106,000. Finally, Hollencrest Capital Management lifted its stake in Capital Southwest by 8.6% in the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock valued at $165,000 after buying an additional 518 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Trading Down 3.6 %

NASDAQ CSWC opened at $21.73 on Monday. Capital Southwest Co. has a 52 week low of $21.63 and a 52 week high of $27.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The stock’s 50 day moving average price is $23.89 and its two-hundred day moving average price is $24.89. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.25 and a beta of 1.23.

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

Capital Southwest Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.60%. Capital Southwest’s dividend payout ratio is 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 report on Wednesday, October 30th.

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, industry consolidation, recapitalizations and growth capital investments.