Sound Income Strategies LLC Purchases 16,462 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Sound Income Strategies LLC grew its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 578,541 shares of the asset manager’s stock after acquiring an additional 16,462 shares during the period. Sound Income Strategies LLC owned about 1.21% of Capital Southwest worth $12,624,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC raised its position in Capital Southwest by 4.1% during the 4th quarter. Cornerstone Wealth Management LLC now owns 39,166 shares of the asset manager’s stock valued at $855,000 after purchasing an additional 1,557 shares during the last quarter. Sanders Morris Harris LLC raised its holdings in shares of Capital Southwest by 28.0% during the fourth quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock valued at $17,579,000 after acquiring an additional 178,420 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Capital Southwest by 2.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 398,887 shares of the asset manager’s stock worth $8,704,000 after acquiring an additional 11,240 shares during the period. Confluence Investment Management LLC boosted its holdings in Capital Southwest by 1.8% in the fourth quarter. Confluence Investment Management LLC now owns 100,242 shares of the asset manager’s stock valued at $2,187,000 after acquiring an additional 1,779 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Capital Southwest by 24.6% during the 3rd quarter. Franklin Resources Inc. now owns 154,038 shares of the asset manager’s stock valued at $3,893,000 after purchasing an additional 30,423 shares during the period. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Capital Southwest Price Performance

Shares of CSWC stock opened at $22.31 on Friday. The business’s fifty day moving average is $22.35 and its 200 day moving average is $24.10. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 13.60 and a beta of 1.24. Capital Southwest Co. has a twelve month low of $20.68 and a twelve month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, topping 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 firm had revenue of $48.71 million for the quarter, compared to the consensus estimate of $49.79 million. During the same period in the prior year, the firm earned $0.69 EPS. Research analysts expect that Capital Southwest Co. will post 2.53 EPS for the current fiscal year.

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.