Advisors Asset Management Inc. Lowers Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Advisors Asset Management Inc. decreased its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,543 shares of the asset manager’s stock after selling 33,063 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.30% of Capital Southwest worth $3,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of Capital Southwest by 3.3% in the 4th quarter. Van ECK Associates Corp now owns 1,190,204 shares of the asset manager’s stock valued at $25,970,000 after purchasing an additional 38,051 shares in the last quarter. Sanders Morris Harris LLC lifted its stake 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. Sound Income Strategies LLC lifted its stake in shares of Capital Southwest by 2.9% in the 4th quarter. Sound Income Strategies LLC now owns 578,541 shares of the asset manager’s stock valued at $12,624,000 after purchasing an additional 16,462 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Capital Southwest by 2.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 398,887 shares of the asset manager’s stock valued at $8,704,000 after purchasing an additional 11,240 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in Capital Southwest by 21.0% during the 4th quarter. Tectonic Advisors LLC now owns 398,008 shares of the asset manager’s stock worth $8,685,000 after acquiring an additional 69,174 shares in the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Capital Southwest from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

Capital Southwest Stock Up 0.4 %

NASDAQ CSWC opened at $22.30 on Friday. The stock has a market cap of $1.13 billion, a PE ratio of 15.82 and a beta of 1.21. Capital Southwest Co. has a fifty-two week low of $20.68 and a fifty-two week high of $27.23. The business has a 50 day moving average price of $22.67 and a two-hundred day moving average price of $23.37. 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 (NASDAQ:CSWC) last released its quarterly earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, topping 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, sell-side analysts predict that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.40%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest’s dividend payout ratio (DPR) is currently 164.54%.

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.