US Bancorp DE Decreases Stock Holdings in Capital Southwest Co. (NASDAQ:CSWC)

US Bancorp DE cut its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,745 shares of the asset manager’s stock after selling 757 shares during the period. US Bancorp DE’s holdings in Capital Southwest were worth $348,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CSWC. Creative Planning raised its stake in Capital Southwest by 4.2% in the 3rd quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock valued at $282,000 after purchasing an additional 452 shares during the last quarter. First Dallas Securities Inc. boosted its position in shares of Capital Southwest by 1.5% in the second quarter. First Dallas Securities Inc. now owns 54,223 shares of the asset manager’s stock worth $1,415,000 after acquiring an additional 775 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Capital Southwest by 1.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 55,254 shares of the asset manager’s stock valued at $1,265,000 after purchasing an additional 923 shares during the period. EntryPoint Capital LLC acquired a new position in Capital Southwest during the first quarter worth approximately $28,000. Finally, Cornerstone Wealth Management LLC raised its stake in Capital Southwest by 3.2% during the second quarter. Cornerstone Wealth Management LLC now owns 37,755 shares of the asset manager’s stock worth $985,000 after purchasing an additional 1,155 shares during the period. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Stock Up 0.8 %

Shares of NASDAQ:CSWC opened at $22.90 on Wednesday. Capital Southwest Co. has a 1 year low of $21.60 and a 1 year high of $27.23. The stock has a 50-day simple moving average of $24.88 and a 200-day simple moving average of $25.40. 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 stock has a market capitalization of $1.09 billion, a P/E ratio of 13.96 and a beta of 1.25.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The company had revenue of $48.71 million during the quarter, compared to analyst estimates of $49.79 million. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. During the same quarter in the prior year, the business earned $0.69 earnings per share. Equities analysts forecast that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.00%. The ex-dividend date of this dividend is Friday, December 13th. Capital Southwest’s dividend payout ratio is presently 141.46%.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research note 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.