Capital Southwest (NASDAQ:CSWC) Sees Unusually-High Trading Volume on Better-Than-Expected Earnings

Shares of Capital Southwest Co. (NASDAQ:CSWC) saw strong trading volume on Tuesday after the company announced better than expected quarterly earnings. 427,025 shares changed hands during trading, an increase of 3% from the previous session’s volume of 412,606 shares.The stock last traded at $22.98 and had previously closed at $22.28.

The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSWC. Quarry LP purchased a new position in shares of Capital Southwest in the third quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. purchased a new position in Capital Southwest in the 2nd quarter valued at $104,000. Nisa Investment Advisors LLC acquired a new stake in Capital Southwest during the 3rd quarter worth $106,000. Hollencrest Capital Management grew its holdings in shares of Capital Southwest by 8.6% during the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after buying an additional 518 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Capital Southwest by 1,539.2% in the third quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager’s stock valued at $186,000 after buying an additional 6,711 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Trading Up 2.9 %

The stock has a market capitalization of $1.09 billion, a PE ratio of 13.97 and a beta of 1.24. The company’s 50 day moving average price is $22.25 and its two-hundred day moving average price is $23.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16.

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, industry consolidation, recapitalizations and growth capital investments.