Denali Advisors LLC Reduces Holdings in Capital Southwest Corporation $CSWC

Denali Advisors LLC decreased its holdings in Capital Southwest Corporation (NASDAQ:CSWC) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,806 shares of the asset manager’s stock after selling 26,044 shares during the quarter. Denali Advisors LLC owned approximately 0.16% of Capital Southwest worth $1,919,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in Capital Southwest by 200.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,309 shares of the asset manager’s stock worth $553,000 after buying an additional 16,886 shares during the last quarter. Naviter Wealth LLC boosted its position in Capital Southwest by 2.6% during the 3rd quarter. Naviter Wealth LLC now owns 102,757 shares of the asset manager’s stock worth $2,246,000 after acquiring an additional 2,652 shares during the period. Wedbush Securities Inc. lifted its holdings in Capital Southwest by 11.3% in the third quarter. Wedbush Securities Inc. now owns 13,043 shares of the asset manager’s stock worth $285,000 after purchasing an additional 1,320 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Capital Southwest by 9.0% in the third quarter. Advisors Asset Management Inc. now owns 122,635 shares of the asset manager’s stock valued at $2,681,000 after acquiring an additional 10,124 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Capital Southwest by 17.0% during the 3rd quarter. ProShare Advisors LLC now owns 11,589 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 1,680 shares in the last quarter. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Trading Down 1.1%

Shares of CSWC stock opened at $22.81 on Tuesday. The firm’s fifty day simple moving average is $22.68 and its 200 day simple moving average is $22.05. The firm has a market capitalization of $1.37 billion, a P/E ratio of 12.60 and a beta of 0.76. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.51. Capital Southwest Corporation has a 1 year low of $17.46 and a 1 year high of $23.86.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, February 2nd. The asset manager reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.The business had revenue of $61.45 million for the quarter, compared to the consensus estimate of $57.37 million. During the same period last year, the business earned $0.63 earnings per share. As a group, sell-side analysts predict that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.1934 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, March 13th. Capital Southwest’s dividend payout ratio (DPR) is presently 128.18%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Loop Capital restated a “buy” rating and set a $23.00 price objective on shares of Capital Southwest in a research report on Wednesday, November 5th. Noble Financial upgraded Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Capital One Financial set a $22.00 target price on Capital Southwest in a research report on Tuesday, November 4th. Zacks Research raised shares of Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.64.

Capital Southwest Company Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.