Capital Southwest Co. (NASDAQ:CSWC) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 84.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,566 shares of the asset manager’s stock after selling 8,228 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Capital Southwest were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in Capital Southwest by 1.7% in the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock valued at $1,924,000 after purchasing an additional 1,263 shares during the last quarter. Promus Capital LLC purchased a new stake in Capital Southwest during the fourth quarter valued at about $30,000. Quarry LP purchased a new stake in shares of Capital Southwest during the 3rd quarter worth about $35,000. Cornerstone Wealth Management LLC grew its stake in Capital Southwest by 4.1% during the fourth quarter. Cornerstone Wealth Management LLC now owns 39,166 shares of the asset manager’s stock worth $855,000 after buying an additional 1,557 shares during the period. Finally, Confluence Investment Management LLC increased its position in shares of Capital Southwest by 1.8% in the fourth quarter. Confluence Investment Management LLC now owns 100,242 shares of the asset manager’s stock worth $2,187,000 after acquiring an additional 1,779 shares in the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Capital Southwest Price Performance

Shares of NASDAQ CSWC opened at $22.66 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest Co. has a 1-year low of $20.68 and a 1-year high of $27.23. The business’s fifty day moving average price is $22.70 and its two-hundred day moving average price is $23.29. The firm has a market capitalization of $1.15 billion, a PE ratio of 16.07 and a beta of 1.21.

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

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest’s payout ratio is 164.54%.

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.