Capital Southwest Co. (NASDAQ:CSWC) Shares Sold by Argent Trust Co

Argent Trust Co reduced its position in Capital Southwest Co. (NASDAQ:CSWC) by 8.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 72,481 shares of the asset manager’s stock after selling 6,643 shares during the quarter. Argent Trust Co owned about 0.16% of Capital Southwest worth $1,891,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CSWC. First Dallas Securities Inc. raised its stake in shares of Capital Southwest by 1.5% during the 2nd quarter. First Dallas Securities Inc. now owns 54,223 shares of the asset manager’s stock worth $1,415,000 after buying an additional 775 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Capital Southwest by 1.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 55,254 shares of the asset manager’s stock worth $1,265,000 after purchasing an additional 923 shares during the period. Larson Financial Group LLC grew its position in Capital Southwest by 101.7% during the first quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager’s stock worth $50,000 after buying an additional 1,017 shares during the period. EntryPoint Capital LLC purchased a new position in Capital Southwest in the first quarter valued at about $28,000. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of Capital Southwest by 3.2% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 37,755 shares of the asset manager’s stock worth $985,000 after acquiring an additional 1,155 shares during the period. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Up 1.0 %

Shares of NASDAQ CSWC opened at $25.28 on Thursday. The stock has a market capitalization of $1.16 billion, a PE ratio of 12.33 and a beta of 1.24. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $25.16 and a 200-day moving average of $25.36. Capital Southwest Co. has a 52-week low of $20.72 and a 52-week high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, August 5th. The asset manager reported $0.63 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.03). The firm had revenue of $51.35 million for the quarter, compared to analyst estimates of $49.31 million. Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. On average, analysts anticipate that Capital Southwest Co. will post 2.5 EPS for the current year.

Capital Southwest Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Capital Southwest’s previous quarterly dividend of $0.57. Capital Southwest’s dividend payout ratio (DPR) is currently 113.17%.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on Capital Southwest from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Capital Southwest Company 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, 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.