Capital Southwest Co. (NASDAQ:CSWC) is Redmont Wealth Advisors LLC’s 8th Largest Position

Redmont Wealth Advisors LLC lessened its stake in Capital Southwest Co. (NASDAQ:CSWC) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 66,939 shares of the asset manager’s stock after selling 1,719 shares during the quarter. Capital Southwest accounts for 2.5% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Redmont Wealth Advisors LLC’s holdings in Capital Southwest were worth $1,461,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in Capital Southwest in the 3rd quarter worth approximately $35,000. EverSource Wealth Advisors LLC acquired a new stake in Capital Southwest during the 2nd quarter worth about $58,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Capital Southwest during the 2nd quarter worth approximately $104,000. Nisa Investment Advisors LLC purchased a new stake in shares of Capital Southwest during the third quarter worth approximately $106,000. Finally, Hollencrest Capital Management lifted its position in Capital Southwest by 8.6% during the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after buying an additional 518 shares in the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Price Performance

CSWC stock opened at $22.44 on Thursday. The firm has a market cap of $1.07 billion, a P/E ratio of 13.68 and a beta of 1.24. The stock’s 50 day moving average price is $22.36 and its 200 day moving average price is $24.11. Capital Southwest Co. has a 1 year low of $20.68 and a 1 year high of $27.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The firm had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. On average, sell-side analysts expect that Capital Southwest Co. will post 2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their target price on shares of Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

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.