Capital Southwest Corporation $CSWC Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 24.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 112,511 shares of the asset manager’s stock after selling 36,054 shares during the quarter. Advisors Asset Management Inc.’s holdings in Capital Southwest were worth $2,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSWC. Fortitude Family Office LLC acquired a new position in shares of Capital Southwest in the 2nd quarter valued at $31,000. Nomura Asset Management Co. Ltd. raised its holdings in Capital Southwest by 58.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,135 shares of the asset manager’s stock valued at $47,000 after buying an additional 788 shares during the period. Signaturefd LLC lifted its position in Capital Southwest by 52.0% in the second quarter. Signaturefd LLC now owns 2,483 shares of the asset manager’s stock valued at $55,000 after buying an additional 849 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Capital Southwest by 1,214.0% during the second quarter. First Horizon Advisors Inc. now owns 2,628 shares of the asset manager’s stock worth $58,000 after buying an additional 2,428 shares during the period. Finally, CWM LLC increased its position in shares of Capital Southwest by 26.6% during the second quarter. CWM LLC now owns 2,930 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Down 0.0%

Shares of NASDAQ CSWC opened at $21.56 on Friday. The stock has a market cap of $1.24 billion, a P/E ratio of 13.07 and a beta of 0.94. The business’s fifty day simple moving average is $20.97 and its 200-day simple moving average is $21.75. Capital Southwest Corporation has a 12-month low of $17.46 and a 12-month high of $23.86. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $56.95 million for the quarter, compared to analysts’ expectations of $55.37 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.During the same quarter last year, the company earned $0.66 EPS. As a group, equities analysts predict that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.1934 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 10.8%. Capital Southwest’s dividend payout ratio (DPR) is 144.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CSWC shares. B. Riley upped their price objective on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 8th. UBS Group cut their target price on Capital Southwest from $23.00 to $21.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Capital Southwest in a research report on Monday. Noble Financial upgraded Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Finally, Raymond James Financial lowered Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.64.

Capital Southwest 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.