Capital Southwest Co. (NASDAQ:CSWC) Sees Large Decline in Short Interest

Capital Southwest Co. (NASDAQ:CSWC) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,140,000 shares, a decrease of 14.3% from the January 15th total of 1,330,000 shares. Based on an average daily volume of 554,700 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

CSWC has been the topic of several recent analyst reports. B. Riley upped their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of Capital Southwest from a “sell” rating to a “hold” rating in a research note on Saturday.

Capital Southwest Trading Up 0.6 %

Shares of CSWC opened at $23.46 on Tuesday. The stock’s 50-day moving average price is $22.21 and its 200 day moving average price is $23.64. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.64 and a beta of 1.24. Capital Southwest has a 12-month low of $20.68 and a 12-month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. As a group, research analysts predict that Capital Southwest will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a yield of 9.89%. Capital Southwest’s payout ratio is currently 164.54%.

Hedge Funds Weigh In On Capital Southwest

A number of hedge funds have recently modified their holdings of the stock. Creative Planning grew its holdings in shares of Capital Southwest by 4.2% during the third quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock worth $282,000 after purchasing an additional 452 shares during the last quarter. Hollencrest Capital Management grew its holdings in Capital Southwest by 8.6% during the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after acquiring an additional 518 shares during the last quarter. Focus Partners Wealth grew its holdings in Capital Southwest by 6.6% during the 4th quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager’s stock worth $207,000 after acquiring an additional 585 shares during the last quarter. Capital Analysts LLC increased its position in Capital Southwest by 35.6% in the 4th quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager’s stock valued at $56,000 after acquiring an additional 669 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Capital Southwest by 52.5% during the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager’s stock worth $46,000 after purchasing an additional 732 shares in the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

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, industry consolidation, recapitalizations and growth capital investments.