Capital Southwest Co. (NASDAQ:CSWC) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in Capital Southwest Co. (NASDAQ:CSWC) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 71,112 shares of the asset manager’s stock after selling 3,674 shares during the quarter. Commonwealth Equity Services LLC owned 0.14% of Capital Southwest worth $1,552,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Capital Southwest in the fourth quarter worth approximately $4,250,000. Sanders Morris Harris LLC raised its holdings in shares of Capital Southwest by 28.0% in the 4th quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock valued at $17,579,000 after purchasing an additional 178,420 shares in the last quarter. Naviter Wealth LLC purchased a new stake in shares of Capital Southwest during the 4th quarter worth $1,823,000. Benjamin Edwards Inc. grew its stake in shares of Capital Southwest by 970.6% during the third quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock worth $2,028,000 after purchasing an additional 72,710 shares in the last quarter. Finally, Tectonic Advisors LLC increased its holdings in Capital Southwest by 21.0% in the fourth quarter. Tectonic Advisors LLC now owns 398,008 shares of the asset manager’s stock valued at $8,685,000 after buying an additional 69,174 shares during the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

Capital Southwest Stock Performance

Shares of Capital Southwest stock opened at $22.37 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. Capital Southwest Co. has a 52 week low of $20.68 and a 52 week high of $27.23. The firm’s 50 day moving average is $22.70 and its two-hundred day moving average is $23.26. The firm has a market capitalization of $1.13 billion, a P/E ratio of 15.87 and a beta of 1.21.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. Research analysts forecast that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.37%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest’s payout ratio is 164.54%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Capital Southwest from a “hold” rating to a “sell” rating in a report on Monday, March 24th.

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.