Virtus ETF Advisers LLC acquired a new position in Capital Southwest Co. (NASDAQ:CSWC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 101,389 shares of the asset manager’s stock, valued at approximately $2,124,000. Virtus ETF Advisers LLC owned approximately 0.57% of Capital Southwest as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Navellier & Associates Inc raised its position in shares of Capital Southwest by 14.0% in the second quarter. Navellier & Associates Inc now owns 161,474 shares of the asset manager’s stock worth $3,383,000 after buying an additional 19,822 shares in the last quarter. Brasada Capital Management LP raised its position in shares of Capital Southwest by 19.1% in the second quarter. Brasada Capital Management LP now owns 89,030 shares of the asset manager’s stock worth $1,862,000 after buying an additional 14,293 shares in the last quarter. Advisor Group Inc. raised its position in shares of Capital Southwest by 2,108.0% in the first quarter. Advisor Group Inc. now owns 86,003 shares of the asset manager’s stock worth $1,810,000 after buying an additional 82,108 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Capital Southwest by 74.1% in the second quarter. Russell Investments Group Ltd. now owns 60,977 shares of the asset manager’s stock worth $1,277,000 after buying an additional 25,955 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Capital Southwest by 60.0% in the second quarter. JPMorgan Chase & Co. now owns 49,265 shares of the asset manager’s stock worth $1,035,000 after buying an additional 18,467 shares in the last quarter. Institutional investors own 48.47% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Capital Southwest from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. National Securities restated a “buy” rating and set a $24.00 price target on shares of Capital Southwest in a research report on Tuesday, June 4th. Finally, BidaskClub downgraded Capital Southwest from a “hold” rating to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Capital Southwest presently has an average rating of “Hold” and a consensus target price of $23.50.

Shares of CSWC traded down $0.31 during trading hours on Friday, hitting $21.50. The company had a trading volume of 1,600 shares, compared to its average volume of 87,621. The firm has a market cap of $383.14 million, a P/E ratio of 15.12 and a beta of 0.20. The stock’s 50 day moving average price is $21.72 and its 200 day moving average price is $21.59. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.46. Capital Southwest Co. has a 52-week low of $17.22 and a 52-week high of $24.17.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, August 5th. The asset manager reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $15.80 million for the quarter, compared to the consensus estimate of $14.90 million. Capital Southwest had a return on equity of 8.27% and a net margin of 53.87%. On average, research analysts expect that Capital Southwest Co. will post 1.71 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 13th. Capital Southwest’s dividend payout ratio is currently 109.86%.

In related news, Director David R. Brooks acquired 2,500 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were purchased at an average price of $21.37 per share, for a total transaction of $53,425.00. Following the completion of the acquisition, the director now owns 24,500 shares in the company, valued at $523,565. The purchase was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Capital Southwest (NASDAQ:CSWC)

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