Kingstone Capital Partners Texas LLC Sells 13,080,197 Shares of Capital Southwest Corporation $CSWC

Kingstone Capital Partners Texas LLC lessened its position in Capital Southwest Corporation (NASDAQ:CSWC) by 99.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,678 shares of the asset manager’s stock after selling 13,080,197 shares during the period. Kingstone Capital Partners Texas LLC’s holdings in Capital Southwest were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CSWC. Royal Bank of Canada increased its stake in shares of Capital Southwest by 13.4% in the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock worth $1,544,000 after purchasing an additional 8,188 shares during the period. Goldman Sachs Group Inc. increased its position in Capital Southwest by 246.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after buying an additional 183,313 shares during the period. Caxton Associates LLP acquired a new position in shares of Capital Southwest during the first quarter worth approximately $318,000. Farther Finance Advisors LLC boosted its position in shares of Capital Southwest by 786.8% in the second quarter. Farther Finance Advisors LLC now owns 3,698 shares of the asset manager’s stock valued at $82,000 after acquiring an additional 3,281 shares during the period. Finally, Fortitude Family Office LLC bought a new position in Capital Southwest during the second quarter worth $31,000. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Price Performance

NASDAQ:CSWC opened at $23.68 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.16 and a current ratio of 0.16. The company has a 50-day moving average of $21.84 and a 200-day moving average of $22.02. Capital Southwest Corporation has a 52 week low of $17.46 and a 52 week high of $23.86. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.71 and a beta of 0.76.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $56.95 million during the quarter, compared to analyst estimates of $55.37 million. Capital Southwest had a return on equity of 13.64% and a net margin of 39.79%.During the same period last year, the company earned $0.66 EPS. As a group, equities research analysts anticipate that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid 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 9.8%. Capital Southwest’s payout ratio is currently 144.10%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research raised shares of Capital Southwest from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Loop Capital reiterated a “buy” rating and issued a $23.00 target price on shares of Capital Southwest in a research note on Wednesday, November 5th. Noble Financial upgraded Capital Southwest to a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Capital Southwest in a report on Monday, December 29th. Finally, Capital One Financial set a $22.00 price objective on Capital Southwest in a report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.64.

Capital Southwest Company Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.