Private Advisor Group LLC Sells 2,427 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Private Advisor Group LLC decreased its position in Capital Southwest Co. (NASDAQ:CSWC) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,273 shares of the asset manager’s stock after selling 2,427 shares during the period. Private Advisor Group LLC’s holdings in Capital Southwest were worth $310,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSWC. EntryPoint Capital LLC purchased a new position in shares of Capital Southwest in the first quarter worth about $28,000. Larson Financial Group LLC increased its position in shares of Capital Southwest by 101.7% during the first quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager’s stock valued at $50,000 after buying an additional 1,017 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of Capital Southwest in the second quarter worth about $58,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Capital Southwest in the second quarter valued at approximately $104,000. Finally, Blue Trust Inc. grew its stake in Capital Southwest by 1,539.2% during the third quarter. Blue Trust Inc. now owns 7,147 shares of the asset manager’s stock valued at $186,000 after acquiring an additional 6,711 shares in the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Up 1.2 %

CSWC stock opened at $22.76 on Thursday. Capital Southwest Co. has a fifty-two week low of $21.51 and a fifty-two week high of $27.23. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The business’s 50 day moving average price is $25.06 and its two-hundred day moving average price is $25.48.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same period in the prior year, the firm posted $0.69 earnings per share. As a group, analysts forecast that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a yield of 11.07%. Capital Southwest’s dividend payout ratio (DPR) is 141.46%.

Wall Street Analysts Forecast Growth

Separately, B. Riley increased their price objective on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

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.