Zuckerman Investment Group LLC grew its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,356,695 shares of the asset manager’s stock after purchasing an additional 87,408 shares during the period. Capital Southwest makes up 5.7% of Zuckerman Investment Group LLC’s portfolio, making the stock its 5th biggest position. Zuckerman Investment Group LLC owned about 8.47% of Capital Southwest worth $23,240,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. lifted its holdings in shares of Capital Southwest by 4.7% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,784,841 shares of the asset manager’s stock valued at $28,700,000 after purchasing an additional 79,522 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Capital Southwest by 1.7% during the second quarter. Russell Investments Group Ltd. now owns 114,753 shares of the asset manager’s stock worth $1,846,000 after acquiring an additional 1,937 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Capital Southwest by 12.3% during the second quarter. New York State Common Retirement Fund now owns 103,139 shares of the asset manager’s stock worth $1,658,000 after acquiring an additional 11,299 shares in the last quarter. Cove Street Capital LLC raised its holdings in shares of Capital Southwest by 9.5% during the second quarter. Cove Street Capital LLC now owns 95,657 shares of the asset manager’s stock worth $1,538,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in shares of Capital Southwest by 249.3% during the second quarter. Kennedy Capital Management Inc. now owns 44,035 shares of the asset manager’s stock worth $708,000 after acquiring an additional 31,428 shares in the last quarter. Institutional investors own 60.03% of the company’s stock.
In related news, VP Douglas M. Kelley bought 1,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the vice president now directly owns 66,135 shares in the company, valued at $1,124,295. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 5.90% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.26 per share. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 6.11%. The ex-dividend date is Thursday, December 14th. Capital Southwest’s dividend payout ratio (DPR) is 55.49%.
Several analysts recently issued reports on the company. Ladenburg Thalmann Financial Services assumed coverage on Capital Southwest in a report on Thursday, November 30th. They set a “buy” rating and a $19.00 price objective for the company. National Securities reiterated a “buy” rating and set a $22.00 price objective on shares of Capital Southwest in a report on Thursday, November 9th. Zacks Investment Research upgraded Capital Southwest from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Robert W. Baird assumed coverage on Capital Southwest in a report on Wednesday, August 30th. They set an “outperform” rating and a $19.00 price objective for the company. Finally, BidaskClub upgraded Capital Southwest from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.00.
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Capital Southwest Company Profile
Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.
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